The Royal Bank: The Bank of England may cut interest rates by 75 basis points before the end of the year.

[Royal Bank of Canada: The Bank of England may cut interest rates by 75 basis points before the end of the year] Royal Bank of Canada Wealth Management stated in its mid-2025 outlook report that due to the potential further decline in UK inflation, the Bank of England may cut interest rates by a total of 75 basis points before the end of 2025. Data from the UK labor market seems to be weakening, which increases the likelihood of more rate cuts from the Bank of England. However, persistently rising inflation and accelerating wage growth may delay rate cuts, which is also a risk.