According to Jinshi, Matthews, investment director of Canada Life Asset Management, said in a report that the inflation data released by the UK on Wednesday may not provide enough evidence that inflation is stabilizing near the Bank of England's 2% target, allowing the central bank to start cutting interest rates as early as June. He believes that before making changes, policymakers will seek to confirm that inflation has stabilized and will not surge again. Matthews expects the Bank of England to start cutting interest rates in August by 25 basis points.
