Institution: It is expected that the Bank of England will cut interest rates by another 75 basis points within the year

BlockBeats News: On May 8th, Robert Wood, Chief UK Economist at Pangson Macro, announced a downgrade in his forecast for UK economic growth in 2025 and 2026. He now expects the country's GDP to grow by 0.9% and 1% in 2025 and 2026, respectively, lower than the previous 1.1% and 1.5%. Although the inflation rate dropped to 2.6% in March, it is expected to rebound significantly in the coming months, possibly reaching 3.4% in the second quarter and only dropping to 3.3% by the end of the year. Most of the data since the last predictive evaluation typically leads MPC to maintain an absolutely cautious stance. But US President Trump's tariffs have already disrupted the global economy and disrupted financial markets. In this context, Pan Sen Macro expects the Bank of England to cut interest rates by 25 basis points three more times this year, including consecutive cuts in May and June, as well as the final cut in November. (Golden Ten)