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Barclays forecasts four UK rate cuts and reveals its worst case tariff scenario

Barclays expects the Bank of England to cut interest rates four more times, as it responds to ‘gradually slowing’ economic growth. The banking giant's new ‘baseline scenario’ forecasts three more BoE cuts in 2025 and one more next year, taking base rate from its current level of 4.5 per cent to 3.5 per cent by the end of 2026. [...]