Core Viewpoint - The Bank of England is expected to continue lowering interest rates as inflation and wage growth remain high, with a potential drop to 3.5% or lower by 2026 [1] Group 1: Economic Conditions - The Bank of England's Monetary Policy Committee faces a challenging balance due to persistent inflation and high wage levels [1] - Global trade issues may exert downward pressure on economic growth and inflation [1] Group 2: Interest Rate Projections - It is anticipated that as price and wage inflation further ease, the Bank of England will continue to lower interest rates [1] - The forecast suggests a reduction in interest rates to 3.5% or lower by the year 2026 [1]