IMF issued a report today suggesting that with UK inflation currently 2% above its neutral rate estimate, BoE should consider moving towards monetary easing. IMF highlighted the risks of “delayed easing”, cautioning that while BoE emphasizes the need to wait for clearer signs of reduced inflation persistence, holding off too long could be detrimental. Additionally, […]
The post IMF recommends BoE cut rates by 50-75 bps in 2024 appeared first on Action Forex.