Goldman Sachs expect the Bank of England to move to consecutive cuts starting at the November meeting
- GS expect a terminall rate of 3%
Goldman analysts cite:
- UK wage growth to slow down - "While the level of pay growth remains high, the sequential pace of pay rises has slowed and important forward-looking indicators have cooled"
- service sector inflation to drop markedly, to 5% by December 2024 and 3.8% by December 2025
