Goldman Sachs brings forward BoE rate-cut view to May

Goldman Sachs on Wednesday advanced its expectation on the timing of interest-rate cut by the Bank of England to May from June, while maintaining the size of cut at 25 basis points per meeting until the policy rate reaches 3 per cent in May 2025.

British inflation plunged in November to its lowest rate in over two years, prompting investors to pile further into bets that the Bank of England will cut interest rates next year.