1236 GMT - The Bank of England will likely move to cut interest rates at its next policy meeting, ING's James Smith and Francesco Pesole write in a note to investors after the central bank kept its key rate in place Thursday. The U.K. labor market is weakening, offering more motive for policymakers to ease up on the rate burden, the analysts note. Oil prices have risen, however, and a new spike could throw the BOE's reasoning into additional turmoil, they say. But for now, it looks likely the bank will cut rates in August and again in November, with two more cuts next year, Smith and Pesole say. (joshua.kirby@wsj.com; @joshualeokirby)
(END) Dow Jones Newswires
June 19, 2025 08:36 ET (12:36 GMT)
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