Preview of Key Points for the Bank of England's May Decision

① The market generally expects the Bank of England to cut interest rates by 25 basis points to 4.25% and may hint at further action in June. ② The market anticipates that the decision to cut interest rates by the Bank of England will be unanimously approved, indicating a strengthening of the dovish camp within the Bank of England. ③ Attention is on whether the Bank of England will remove the word "cautious" from its monetary policy guidance. If the word is removed, it will indicate that the risk balance has shifted from inflation to slowing growth, which would be another signal that the Bank of England may continue to cut interest rates. ④ Focus on the Bank of England's forecasts for the economy and inflation, as well as its views on U.S. tariffs. Note: At 19:02 Beijing time, the Bank of England will announce its interest rate decision, which is delayed by 2 minutes from the usual announcement time to commemorate the 80th anniversary of Victory in Europe Day with a 2-minute silence