高盛预计英国央行将从11月会议开始采取连续降息的行动，并将终端利率预测维持在3%不变，低于市场预期。Affected by the weak data, Goldman Sachs has become more dovish in its views on the policy stance of the European Central Bank and the Bank of England, and is expected to start cutting interest rates continuously later this year. Goldman Sachs also lowers its expected terminal interest rate for the European Central Bank by 25 basis points to 2%.
Goldman Sachs expects the European Central Bank to cut interest rates this week, then stay put in October, as recent data in some extent shows that inflation remains stubborn, but it is currently expected to cut rates continuously from December.
"We have lowered our growth expectations for the euro area due to weak manufacturing, especially in Germany," said Jan Hatzius, Chief Economist at Goldman Sachs.
Goldman Sachs expects the Bank of England to take continuous interest rate cuts starting from the November meeting, and maintains the terminal interest rate forecast at 3%, below market expectations.
