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These Nine BOE Policy Makers Will Decide Whether to Cut Rates

From bnnbloomberg.ca

The fate of one of the Bank of England’s trickiest interest-rate decision in years is in the balance, sharpening the focus on the nine policy makers whose votes will impact the cost of borrowing for millions of Britons. With two officials already pushing to ease policy, at least three will have to join them to force a move this week. Traders says that’s more likely than not, pricing in a nearly 60% chance of a cut. Economists are more cautious, predicting a 6-3 vote to keep rates on hold as the government prepares to negotiate a trade deal with the European Union that will help define the post-Brexit economy. ... (full story)

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  • Category: Fundamental Analysis