Preview: BOE To Cut Rates In May, as Trump’s Tariff Policies Cast A Shadow Over Global Growth

by Brunello Rosa and Nato Balavadze

In this paper we discuss:

• Our latest assessment of the British economy, which is slowing down as a result of the planned US tariffs;
• The rate cut we expect in May and the further easing ahead;
• The downward revision to the growth forecasts and the upward revision to the inflation outlook we expect;
• The market reaction we expect. 

Download PDF: BOE Preview May 2025

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