By Reuters
Published on
MILAN - Morgan Stanley expects the Bank of England (BoE) to cut interest rates by 150 basis points in 2024 after stopping its tightening cycle in March of next year.
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"The BoE stops hiking as Bank Rate hits 4.0% in March 2023. With the inflation target in sight, and unemployment on the rise, we expect 150bp of cuts in 2024," the U.S. bank wrote in a note published late on Sunday.