UK homebuilders fall on fears of slower-than-expected pace of interest rate cuts
** UK housebuilders' index .FTNMX402020 declines about 1.6%, tracking a global selloff sparked by US Fed's projection of just two cuts in 2025, down from four in September
** Bank of England (BoE) is expected to keep rates steady in its meeting later in the day, as persistent inflation pressures limit it to a "gradual" approach towards cutting borrowing costs
** Investors late on Wednesday priced in just a 50% chance of a UK rate cut in February and only two cuts in 2025 as a whole
** BoE rate cuts filter down to lower mortgage rates, boosting demand for homes
** Midcap builder Crest Nicholson CRST.L top pct loser on housing index, falling about 2.8%
** Other FTSE 100 homebuilders Vistry VTYV.L, Berkeley BKGH.L, Persimmon PSN.L, Barratt Redrow BTRW.L and Taylor Wimpey TW.L fall between 1.3% and 2.1%
Reporting by Aby Jose Koilparambil in Bengaluru
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