Will BoE/MPC vote for an interest rate cut (the second of the year) at its meeting on Thursday?
Traders (according to the FT) are putting a cut at a probability of 90%, however Andrew Bailey has been out & about recently claiming the bank will be 'cautious' & awaits further evidence of inflationary pressures easing.
My opinion of the sado-monetarists has been exercised here repeatedly so you'll be unsurprised I'm sceptical a cut willl be made, but would welcome it if it was!
#InterestRates
Traders (according to the FT) are putting a cut at a probability of 90%, however Andrew Bailey has been out & about recently claiming the bank will be 'cautious' & awaits further evidence of inflationary pressures easing.
My opinion of the sado-monetarists has been exercised here repeatedly so you'll be unsurprised I'm sceptical a cut willl be made, but would welcome it if it was!
#InterestRates
