(Reuters) -HSBC and Deutsche Bank on Monday pushed back their forecasts for Bank of England rate cuts, citing persistently high inflation and growing uncertainty over the timing of monetary easing.

HSBC expects the BoE to keep interest rates steady until April 2026, shifting from its earlier view that the central bank would lower rates every quarter starting from August 2024.

Its sees the Bank Rate reaching 3.00% by February 2027, while the current benchmark rate stands at 4%.

Deutsche Bank also delayed its call for the next rate cut to December from November, saying the narrow 5-4 vote at the August policy meeting revealed deep divisions on the Monetary Policy Committee and that Governor Andrew Bailey may prefer to wait until year-end

“There is now considerably more doubt about exactl

See Full Page