Dec 14 (Reuters) - Goldman Sachs expects the Bank of England (BoE) to deliver its first rate cut in June compared to a previous expectation of a first cut in August, after the Monetary Policy Committee (MPC)voted 6-3 to keep rates at a 15-year high of 5.25% on Thursday.
"We expect the MPC to cut at a 25bps per meeting pace until policy rates reach 3.0% in June 2025," Goldman Sachs economists said in a note. (Reporting by Reshma Rockie George in Bengaluru; Editing by Janane Venkatraman)
