[UBS Global Research Delays Bank of England's First Rate Cut to April 2026, Expects a Total Cut of 50 Basis Points for the Year] According to a report by Golden Finance, UBS Global Research updated its forecast on March 9, 2026, delaying the Bank of England's (BoE) first rate cut from March to April. It now expects rate cuts of 25 basis points (bps) each in April and July, with a total reduction of 50 basis points for the year. The previous forecast anticipated cuts of 25 basis points each in March and June.