BofA Delays Bank of England Rate Cut Forecast to June
Bank of America and other major banks have delayed their Bank of England rate cut forecasts to June. Higher energy prices have revived inflation risks.
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Bank of America Corporation has revised its forecast for interest rate cuts in the United Kingdom, delaying its expected timeline from March to June. The adjustment follows a resurgence in energy prices that has heightened inflation risks and obscured the policy outlook for the Bank of England. The brokerage now anticipates 25-basis-point reductions in both June and September of this year.
