CoinVoice has recently learned that Sanjay Raja, an analyst at Deutsche Bank, stated in a report that the Bank of England's latest policy decision may provoke a rethinking of the future policy path. He mentioned that the trade-off between rising inflation and a weak labor market has intensified the uncertainty surrounding the policy path. The 4-4-1 voting result has exacerbated divisions within the Monetary Policy Committee, giving the impression that the constraints on bank rates are less than before.
Deutsche Bank currently expects the Bank of England to cut interest rates only once more this November, down from previous expectations of two cuts, although this may be postponed until December. It is anticipated that there will be quarterly cuts thereafter, leading to a final rate of 3.25% by the second quarter of 2026.[Original link]