Since then the economy has fared better than the initial surveys indicated and while the economy is expected to slow in the coming quarters, a recession may be avoided, in part due to the response from the BoE. The result of this is that the BoE is unlikely to announce further stimulus measures at the meeting this month and despite warning that further rate cuts will likely follow this year if the economy performs in line with expectations, it is not guaranteed at this stage. With the minutes and votes now being published alongside the rate announcement, it will be interesting to see whether there is much desire for ... (full story)