Société Générale: The Bank of England's interest rate cut may support the UK bond market
ChainCatcher news, Societe Generale analyst Sam Cartwright stated in a report that the Bank of England is expected to cut interest rates, which could support the UK government bond market and prevent disorderly sell-offs. Cartwright noted that due to weakening economic growth and inflation in the UK, the extent of the Bank of England's rate cuts may exceed market expectations.He stated: "We expect a more aggressive easing policy than what the market currently reflects, which could alleviate some of the pressure on UK government bonds." LSEG Refinitiv data shows that the market expects the Bank of England to cut rates by 43 basis points in 2025, while Societe Generale anticipates a cut of 100 basis points. (Jin Shi)