According to online reports, Robert Wood, chief UK economist at Penson Macro, said that the forecast for UK economic growth in 2025 and 2026 has been lowered and the country's GDP is now expected to grow by 0.9% and 1% in 2025 and 2026 respectively, down from the previous 1.1% and 1.5%. Although inflation fell to 2.6% in March, it is expected to rebound sharply in the coming months, possibly reaching 3.4% in the second quarter and falling to only 3.3% by the end of the year. Much of the data since the last forecast review would normally keep the MPC in an absolute cautious stance. But U.S. President Trump's tariffs have disrupted the global economy and disrupted financial markets. Against this background, Penson Macro expects the Bank of England to cut interest rates by 25 basis points this year, including consecutive interest rate cuts in May and June, and the last interest rate cut in November. (Jin Shi)