Deutsche Bank: Expects the Bank of England to cut interest rates four more times this year, bringing the rate down to 3.50%

ChainCatcher news, according to Jinshi reports, Deutsche Bank's research department expects that the Bank of England will cut interest rates four more times in 2025, bringing the rate down to 3.50%.

However, the bank's economist Sanjay Raja stated in a report that the Bank of England is likely to keep the interest rate unchanged at 4.50% in its next decision on March 20.

Raja said, "In our view, a 'gradual and cautious' approach is not conducive to consecutive rate cuts—especially in the context of rising overall CPI."

LSEG data shows that the market expects a 92% probability that the Bank of England will keep interest rates unchanged in March, and that the Bank of England will cut rates two more times in 2025.