Tonight at 20:00, the Bank of England will announce its interest rate decision, with several institutions expecting to maintain the quarterly rate cut pace

ChainCatcher news, according to Jinshi reports, the Bank of England will announce its interest rate decision and update its quarterly economic forecast on February 6 at 20:00 (Beijing time). Several institutions expect the central bank to cut rates by 25 basis points to 4.5% and maintain the policy guidance of "one rate cut per quarter."

Goldman Sachs pointed out that the recent weak economic growth in the UK, deteriorating labor market indicators, and gradually rising inflation in basic services will support the rate cut decision. Deutsche Bank expects the voting result to be 8 votes in favor and 1 vote against.

IFR, a subsidiary of Reuters, expects the central bank to reiterate that "gradually easing policy restrictions remains appropriate" and to maintain the pace of one rate cut per quarter until August. Ebury strategists warn that if the central bank signals a more aggressive rate cut than expected, the pound may come under pressure and decline.