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August BoE MPC Preview: Doves edging towards a majority
Forecasters are very unsure about which way this month’s BoE MPC announcement will go but, on balance, seem to expect what would be the first cut in Bank Rate since March 2020. However, if so, it is likely to be a very close vote. June saw a relatively clear 7-2 split in favour of no change but official comments since then have hinted that the easing camp might now have a small majority. That said, uncertainty has been heightened by the blackout period for central bank rhetoric in the run up to the 4 July general election and with core inflation still high, a steady policy stance would hardly come as a big ... (full story)
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- Posted: Jul 29, 2024 12:17pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,983
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