Bank of England: Committee members Dinglar, Taylor, Deputy Governor Ramsden, and Briden advocate for a 25 basis point rate cut to 3.75%.

International 1. Goldman Sachs: Even if the US Supreme Court rules Trump's tariffs illegal, the impact on the overall trade situation will be limited. 2. JPMorgan Chase CEO Jamie Dimon: We are about to experience a recession with credit implications, the exact timing of which is unclear. 3. Jefferies: Maintains an underweight position on US Treasuries, focusing on the impact of the tariff ruling on market volatility. 4. TD Securities: The Bank of England will cut interest rates by 25 basis points, and the pound will remain weak. 5. Danske Bank: The US Treasury may adjust its issuance guidance in the first half of next year. 6. Singapore Bank: Volatility in Asian stock markets may continue; the correction can be seen as a healthy adjustment. 7. Danske Bank: The Bank of England will cut interest rates by 25 basis points; the votes of Governor Bailey and Deputy Governor Briden will be crucial. Domestic 1. CITIC Securities: Gold prices will continue to rise. 2. CITIC Securities: The bottom for baijiu (Chinese liquor) has been reached; beer demand awaits recovery. 3. CICC: The current market rally is characterized by an upward trend in total deposits and an impending improvement in total wealth. 4. CITIC Securities: Aluminum is leading the non-ferrous metals sector, with industry profits expanding further from high levels. 5. CITIC Securities: 2026 may be a crucial year for real estate companies to repair their balance sheets. 6. CITIC Securities: The US stock market's AI CAPEX narrative is likely to continue in the short term. 7. Huachuang Securities: High growth in enterprise-level demand is driving a new supercycle in storage; optimistic expectations for storage prices in Q4 2025 and 2026.

25 Basis Point Rate Cut 1. Barclays: The Bank of England is expected to cut interest rates by 25 basis points. Traders have underestimated the likelihood of a rate cut, which is expected to pass by a 5-4 vote. 2. TD Securities: The Bank of England is expected to cut interest rates by 25 basis points. The bank may cite persistently high inflation as a reason for a more cautious stance on further easing than previously anticipated. 3. Nomura Securities: The Bank of England is expected to cut interest rates by 25 basis points. UK inflation in September was lower than expected. Service sector inflation remains high, but monthly growth momentum is slowing towards the inflation target. 4. Danske Bank: The Bank of England is expected to cut interest rates by 25 basis points. Since the last meeting, the labor market has continued to cool but not alarmingly. Weak inflation opens the door to further rate cuts. Hold Rates Steady 1. Mitsubishi UFJ: The Bank of England is expected to keep interest rates unchanged, with a possible 6-3 vote, and one economist even supporting a 50 basis point cut; the next rate cut is expected in December. 2. Reuters Survey: The Bank of England is expected to keep interest rates unchanged, with 34 out of 63 economists believing the bank will hold rates steady this quarter, and 29 believing there will be one rate cut this quarter. 3. Pansen Macro: The Bank of England is expected to keep interest rates unchanged, with a possible 6-3 vote; as UK inflation appears to be slowing, the bank may also signal a rate cut in December. 4. Goldman Sachs: The Bank of England is expected to keep interest rates unchanged, with three more rate cuts next year. Market pricing reflects 1-4 rate cuts in the next 12 months, but a low probability of a deep rate cut. 5. Societe Generale: The Bank of England is expected to keep interest rates unchanged. Lower-than-expected UK inflation data in September, coupled with the Chancellor of the Exchequer's announcement of fiscal austerity measures, creates room for a rate cut in December. 6. Lloyds Bank: The Bank of England is expected to keep interest rates unchanged. Governor Bailey will cast the key vote, with a final decision of 5-4 to pause rate cuts. This would reflect the bank's tendency to suppress recent inflation expectations. 7. Oxford Economics: The Bank of England is expected to keep interest rates unchanged. Policymakers may want to see more sustained evidence that underlying inflationary pressures are weakening before deciding on further rate cuts. 8. Natixis: The Bank of England is expected to keep interest rates unchanged. Labor market conditions will increasingly attract the central bank's attention in the coming months, paving the way for further rate cuts. The bank plans to cut rates by 25 basis points in February next year. 9. ING: The Bank of England is expected to keep interest rates unchanged. The vote is expected to be a close one, with a 6-3 or 5-4 split. The four known hawkish members are likely to remain on hold, and Governor Bailey may be the deciding vote. 10. Berenberg Bank: The Bank of England is expected to keep interest rates unchanged, and it needs to wait for a clearer downward trend in service sector inflation before cutting rates again. Stubborn core and service sector inflation may prevent it from cutting rates again this year.