IMF forecasts quarterly rate cuts by BoE - Breaking The News

IMF forecasts quarterly rate cuts by BoE

17 January

1 min read

EPA-EFE/ANNABELLE GORDON

International Monetary Fund (IMF) Chief Economist Pierre-Olivier Gourinchas said on Friday the Bank of England (BoE) is likely to maintain a steady course of monetary easing this year, with expectations of a rate cut each quarter.

The financial agency projected Britain's economic growth to reach 1.6% in 2025 and 1.5% in 2026.

"We see a modest increase in growth," Gourinchas said during the press conference, attributing that growth to continued monetary easing, with additional rate cuts expected to further strengthen consumption growth this year.

bank of england monetary policy imf

Related Stocks

GBP/USD

Turkey's Karahan: Tight monetary policy stance to stay

12 hours ago

Central Bank of the Republic of Turkey (CBRT) Governor Fatih Karahan told Anadolu in an interview that the bank would maintain its tight monetary policy stance "and continue to bring inflation down in line with our year-end targets.""We will do whatever it takes to achieve our year-end inflation target of 24%," Karahan said. Turkey's annual inflation came in at 39.05% in February, down from January's 42.12%. The central bank trimmed its key rate from 45% to...

BoC cuts interest rate by 25 basis points to 2.75%

12 March

The Bank of Canada (BoC) has cut its interest rate by 25 basis points to 2.75%, the central bank announced in its latest monetary decision on Wednesday."The Canadian economy entered 2025 in a solid position, with inflation close to the 2% target and robust GDP growth. However, heightened trade tensions and tariffs imposed by the United States will likely slow the pace of economic activity and increase inflationary pressures in Canada. The...

Fed's Waller doesn't see 'case' for March rate cut

6 March

Federal Reserve Board of Governors member Christopher Waller indicated on Thursday that the Fed could cut its key interest rate at the Federal Open Market Committee (FOMC) meeting in May but said he doesn't see the case for a rate cut this month."I'm still believing a good rate cut is in place," he said while noting the central bank's current monetary policy still remains restrictive. The central bank "needs more data to understand the economic outlook,"...

ECB's Lagarde says 2% target to be reached in early 2026

6 March

European Central Bank (ECB) President Christine Lagarde revealed on Thursday that the 2% inflation target is expected to be reached "very early" in 2026, not in late 2025.Speaking at a press conference, Lagarde explained that the bank's latest forecasts have been changed due to energy prices. "It was legitimate on the basis of future prices, both on oil and gas, it was legitimate to probably increase by 0.2% the inflation projection," she stressed.Lagarde...

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.