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City economists doubt Bank of England will lift rates to 4.75% by summer

Markets expect the Bank of England to raise its rate at least four times over the next year, but City economists believe that forecast is too aggressive and say cuts could come by the end of 2027.

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Markets expect the Bank of England to raise its rate at least four times over the next year, but City economists believe that forecast is too aggressive and say cuts could come by the end of 2027.