Goldman Sachs: Expected Bank of England to cut interest rates 6 times by mid-2026

Odaily Planet Daily News: Goldman Sachs analysts say that although inflationary pressures are currently high, they see signs that the outlook for mid-term CPI in the UK appears to be weakening. The reason is that: 1. UK economic growth has significantly weakened, and if this situation continues, it is expected to grow by only 0.9% in 2025; 2、 The growth of actual disposable income in households may slow down; 3、 The intensification of trade tensions may drag down economic activity; 4、 The intensification of trade tensions may drag down economic activity. Goldman Sachs stated that although the Bank of England may slow down its rate cuts if potential inflation does not make progress, they believe that in response to weak demand, the central bank is actually more likely to accelerate its continuous rate cuts. Goldman Sachs predicts that the Bank of England will cut interest rates by 25 basis points at its next meeting in February, and by mid-2026, the Bank of England's interest rate will drop to 3.25%. (Golden Ten)