Goldman Sachs revised UK interest rate forecast

Goldman Sachs has revised its forecast for the Bank of England's interest rate policy. The financial institution no longer predicts a rate cut in 2025, which was previously made in November. Goldman Sachs now predicts that the Bank of England will announce its next rate cut in February, followed by a quarterly rate cut. It is expected that by the end of 2026, the terminal interest rate will reach 3%.