UBS Global Research has pushed back the timing of the Bank of England's first interest rate cut to April 2026, with a full-year forecast of a 50 basis point cut.
UBS Global Research updated its forecast on March 9, 2026, postponing the Bank of England's (BoE) first rate cut from March to April, and expects rate cuts of 25 basis points (bps) each in April and July, totaling 50 basis points for the year. The previous forecast was for 25 basis points cuts in March and June.
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