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UBS pushes back its BoE rate cut forecast to August from May
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UBS Global Research said on Monday it now expects the Bank of England to begin easing interest rates, with a 25-basis-point (bps) cut, in August compared to its prior expectation of a cut in May.
UBS expects a total of 75 bps of cuts this year, down from its prior forecast of 100 bps, taking the policy rate to 2.75% by the year-end.
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. Read more on economictimes.indiatimes.com
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