# Rate cuts outlook: will the BoE cut before August? | IG South Africa

> UK inflation fell to 3.4% in February from 4.0%, raising hopes for a Bank of England rate cut as early as August. The article notes that oil and imported food costs could keep inflation elevated and that a cut is not guaranteed.

- Date: 2024-03-20 · published 2024-03-20T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/31468-rate-cuts-outlook-will-the-boe-cut-before-august-ig-south-africa
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Expectations for BoE easing shape sterling and broader currency flows, which indirectly influence the cost of imported feed inputs priced in dollars for UK buyers.

## Read by commodity

- GBPUSD: neutral

## Sources

- ig.com: https://www.ig.com/za/news-and-trade-ideas/bank-of-england--to-cut-or-not-to-cut-rates-before-august--240320

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.