IMF Forecasts Quarterly Rate Cuts by BoE

In a recent announcement, Pierre-Olivier Gourinchas, the Chief Economist at the International Monetary Fund (IMF), highlighted the Bank of England's (BoE) anticipated strategy for 2025. The BoE is expected to continue its monetary easing policy, with plans to cut rates each quarter throughout the year.

This approach is part of a broader effort to sustain economic stability and growth. The IMF projects that the UK's economy will grow by 1.6% in 2025, followed by a slight decrease to 1.5% in 2026. These forecasts underscore the IMF's confidence in the BoE's monetary policy direction and its potential impact on the UK's economic landscape.

As the year progresses, further details and adjustments to the BoE's strategy are anticipated, with the IMF and other financial institutions closely monitoring the outcomes of these policy decisions.