RE: "Four interest rate cuts this year pencilled in by markets"8 Apr 2025 10:16
......"The next Monetary Policy Committee decision is expected in early May before five more meetings are scheduled this year.
Some economists, including rate-setter Swati Dhingra, have said that the sweeping tariffs may have disinflationary effects on goods in the UK.
James Smith, an economist at ING, said previous interest rate cut predictions were “conservative” as markets were now considering how the Bank may react to slower growth brought by tariffs and Labour’s tax policies. "
“There will be more focus on growth as a result of this,” Smith told City AM.