Analysis: The Bank of England may resume interest rate cuts in the fourth quarter.

Kallum Pickering of Peel Hunt stated in a report that as UK inflation shows signs of easing in the coming months, the Bank of England may resume cutting rates in the fourth quarter. The latest data shows that UK inflation in April slowed to 2.8% year-on-year from 3.3% in March, weaker than economists' expectations of 3.0%. Pickering said that due to the impact of the US-Iran conflict, overall inflation in the summer is expected to rise slightly to around 3.5% year-on-year. However, he mentioned that the likelihood of a second round of inflationary effects is decreasing. Peel Hunt forecasts that the Bank of England will keep interest rates at 0.75% in the summer and then resume rate cuts in the fourth quarter.