Three cuts to interest rates expected in 2025 from the Bank of England, says Lloyds CEO Charlie Nunn

Lloyds Banking Group Chief Executive Charlie Nunn has said the lender expects three cuts to interest rates in 2025 from the Bank of England, in line with the interest rate swaps market. Lloyds is one of the largest mortgage lenders in the U.K. and owns high street bank Halifax and Bank of Scotland as well as credit card provider MBNA.