Goldman Sachs revises BoE call, forecasts rate trim in November
ReutersOct 29, 2025 4:03 AM
Oct 29 (Reuters) - Goldman Sachs said on Tuesday it now expects the Bank of England (BoE) to trim rates by 25 basis points in November, revising its September forecast of a pause through 2025 before easing begins in 2026, citing sticky inflation and a softening labour market.
UK consumer inflation stood at 3.8% in September - nearly double the BoE's 2% target - fuelling bets for a November rate cut.
The Wall Street brokerage now anticipates that the BoE will cut rates quarterly to 3% by July 2026, earlier than its previous projection of November 2026, from the current 4%.
Top brokerages, including Goldman Sachs and Morgan Stanley, had earlier expected no further rate cuts this year after the BoE left its key rate unchanged in September.
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