Core Viewpoint - The report from Bank of America Global Research anticipates that the Bank of England will lower interest rates in February 2026, with the terminal rate expected to drop to 3.5% [1] Group 1 - The expected interest rate cut by the Bank of England is projected to occur in February 2026 [1] - The terminal interest rate is forecasted to decrease to 3.5% [1]

Core Viewpoint - Bank of America Global Research predicts that the Bank of England will cut interest rates twice this year, in August and November, with a terminal rate of 3.5% expected by February 2026 [1] Summary by Relevant Sections - Interest Rate Cuts - The Bank of England is expected to lower interest rates in August and November, revising previous predictions that included September as a cut month [1] - The anticipated terminal interest rate is projected to be 3.5% by February 2026 [1]

Group 1 - Goldman Sachs predicts that the Bank of England will begin a series of interest rate cuts starting from November 2025, continuing until March 2026, reaching a terminal rate of 3% [1]

Core Viewpoint - The strong inflation data in June should not prevent the Bank of England from lowering interest rates in August [1] Inflation Data Summary - The overall inflation rate in the UK rose to 3.6% year-on-year in June, exceeding expectations [1] - Housing costs showed a slowdown in growth, decreasing from 6.7% in May to 6.4% in June, indicating potential easing in service sector inflation in the coming months [1] Central Bank Decision Summary - The inflation report is not expected to alter the Bank of England's decision-making direction, with a rate cut still anticipated in August [1]

Core Viewpoint - The Bank of Indonesia has decided to lower its interest rate by 25 basis points as expected [1] Group 1 - The central bank's decision aligns with market expectations and aims to support economic growth [1] - This rate cut is part of a broader monetary policy strategy to stimulate the economy amid ongoing challenges [1]

加拿大掉期市场预计加拿大央行本月降息的可能性为13%，自通胀数据公布以来几乎没有变化。 ...

调查显示，印尼央行可能降息。 （华尔街日报） ...

Core Viewpoint - India is on track for a record year in initial public offerings (IPOs), driven by interest rate cuts and strong domestic demand for stocks, with total IPO value reaching $6.7 billion year-to-date, up from $5.4 billion in the same period last year, making it the largest IPO market outside the U.S. [1] Group 1 - The anticipated IPOs, including Tata Capital's expected $2 billion offering, could push India past last year's record of $21 billion raised [1] - Goldman Sachs predicts a significant acceleration in the primary market, estimating that fundraising could reach $20 billion in the second half of the year [1] - The Nifty 50 index, which had a sluggish start to the year, has risen approximately 7% year-to-date, nearing historical highs [1] Group 2 - The lack of a trade agreement between New Delhi and Washington, along with potential additional tariffs from Trump, creates uncertainty in the macroeconomic environment, necessitating more successful IPOs to validate the bull market [2] - The Reserve Bank of India's one percentage point interest rate cut has boosted market optimism, aided by easing inflation pressures and signs of economic recovery [2] - Domestic retail investors are channeling significant household savings into mutual funds, benefiting from personal income tax cuts [2] Group 3 - Further rate cuts from the central bank are expected to enhance domestic investor interest in stocks, including IPOs, while foreign institutional investors remain underweight in the Indian market, indicating potential investment space [2] - Despite foreign institutional investors withdrawing $8 billion from Indian equities this year due to valuation concerns, domestic funds have attracted over $42 billion, offsetting the impact of foreign exits [2] - Companies seeking to go public are seizing the market rebound, with ICICI Prudential Asset Management expected to be the third company this year to list with a market cap exceeding $1 billion [2] Group 4 - HDB Financial Services has seen a 5% increase in stock price since its $1.5 billion IPO earlier this month, while Hexaware's stock has risen nearly 15% since raising $1 billion in February [3] - These successful transactions have boosted confidence among a long list of IPO candidates, with expectations for more medium to large IPOs to test market demand [3] - Upcoming IPO plans include those from LG Group's Indian subsidiary, stock brokerage platform Groww, and e-commerce company Meesho [3]

智通财经7月14日电，交易员加大对英国央行的降息押注，预计今年将再降息58个基点。 ...

Core Viewpoint - The Reserve Bank of India may consider an interest rate cut in the fourth quarter, with a possibility of earlier action, as June's CPI is expected to decline to 2.2%, the lowest since February 2019 [1] Inflation Outlook - The June CPI year-on-year rate is projected to decrease to 2.2%, down from 2.82% in May, indicating a continued slowdown in inflation [1] - The decline in inflation is attributed to favorable base effects from food price inflation, which offsets the monthly increase in food costs [1] Central Bank Policy - The Reserve Bank of India is anticipated to lower interest rates by 25 basis points in the fourth quarter, with the potential for earlier action if inflation trends continue [1] - The risk of food price shocks is considered low, supporting the case for a rate cut [1]