Core Viewpoint - Pantheon Macroeconomics forecasts that the Bank of England will lower interest rates by an additional 75 basis points within the year, with three expected cuts of 25 basis points each [1] Economic Growth Forecast - The chief UK economist at Pantheon Macroeconomics, Robert Wood, has revised down the GDP growth predictions for the UK, now expecting growth rates of 0.9% and 1% for 2025 and 2026, respectively, compared to previous estimates of 1.1% and 1.5% [1] Inflation Expectations - Despite a drop in the March inflation rate to 2.6%, it is anticipated that inflation will significantly rebound in the coming months, potentially reaching 3.4% in the second quarter and only decreasing to 3.3% by the end of the year [1] Monetary Policy Committee (MPC) Stance - The majority of data since the last forecast assessment suggests that the MPC will maintain a cautious stance, influenced by global economic disruptions caused by U.S. tariffs under President Trump [1] Interest Rate Cuts Timeline - The expected timeline for the interest rate cuts includes consecutive reductions in May and June, followed by a final cut in November [1]