PGIM Fixed Income's Deputy Head of Global Economics, Katharine Neiss, PhD, reacts to the Bank of England's February Monetary Policy Meeting, which, as expected, saw the Bank lower interest rates, now to 4.5%, which is high when compared to other developed market peers. Katharine highlights that the macroeconomic forecast for the UK indicates a challenging environment but the Bank is confident that underlying domestic inflationary pressure is easing. She also shares that while she expects rates to come down more in 2025, the cuts will be gradual and proceed at a more cautious pace.
Katharine Neiss, PhD
Deputy Head of Global Economics and Chief European Economist
PGIM Fixed Income
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