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BOE to Hold Fire as Bets on 2020 Cut Grow
The Bank of England looks set to keep interest rates on hold on Thursday amid mounting speculation policy makers will ease policy in 2020. In their first meeting since Boris Johnson’s decisive election victory, BOE officials led by Governor Mark Carney will vote to keep interest rates unchanged at 0.75%, according to economists surveyed by Bloomberg. While the Conservatives’ win reduces the short-term uncertainty surrounding Brexit, most analysts expect Michael Saunders and Jonathan Haskel to repeat their calls for lower interest rates this week, with some even expecting a third -- most likely Gertjan Vlieghe-- ... (full story)