British think tank predicts further interest rate cuts

LONDON, Feb. 12 (Xinhua) -- A leading think tank predicted on Wednesday that the Bank of England (BoE) will implement two additional interest rate cuts this year and again in 2026, reducing rates down to around 4 percent, signaling a cautious approach amid an economy looking for lower borrowing costs.

The National Institute of Economic and Social Research (NIESR) also projected that inflation will rise to 3.2 pe