Reuters Poll: BOE to cut bank rate in February. See 100 basis points of cuts in 2025

A Reuters poll of 65 economists shows:

• BOE to cut rates by 25 basis points in February
• total reductions of 100 basis points in 2025.
• More likely 2025 UK inflation comes in higher than expected rather than lower.
• UK inflation to average 2.5% in 2025, 2.1% in 2026 (same as December poll)