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VIEW CHANGE: Danske look for quarterly cuts from August

BOE
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  • "On the back of continued strong inflationary pressures in the service sector, as evident in the April inflation print, we revise our BoE call. We now expect the first 25bp cut in August (prev. June)."
  • "We expect quarterly cuts from August and through 2025, leaving the Bank Rate at 3.75% by the end of 2025." (The quarterly cut pace is unchanged).
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  • "On the back of continued strong inflationary pressures in the service sector, as evident in the April inflation print, we revise our BoE call. We now expect the first 25bp cut in August (prev. June)."
  • "We expect quarterly cuts from August and through 2025, leaving the Bank Rate at 3.75% by the end of 2025." (The quarterly cut pace is unchanged).