Where stated that the Bank of England would cut rates in June, which is a review of his earlier forecast which was in August
Goldman Sachs does not appear convinced Bank of England Governor Bailey's bid to continue to tighten on Thursday, keeping England's rate at 5.25% which was as expected.
Goldman Sachs is not the only one not convinced of the talk by Andrew Bailey, Governor of the Bank of England.
Goldman Sachs said the first rate cut would be in June next year and then expect the MPC to cut interest at a rate of 25 basis points per meeting until interest rates reach 3.0% in June 2025.
