Goldman Sachs presents BoE rate cut outlook for May, according to Reuters

© Reuters. The Bank of England is seen in London March 19, 2008. REUTERS/Luke MacGregor/File Photo

(Reuters) – Goldman Sachs on Wednesday pushed back its expectations for the timing of a Bank of England interest rate cut to May from June, keeping the size of the cut at 25 basis points per session until the base rate hits 3% in May. 2025.

British inflation fell to its lowest level in more than two years in November, prompting investors to further bet that the Bank of England will cut interest rates next year.