BoE on hold, dovish undercurrent builds with 3 votes for cut

BoE left its policy rate unchanged at 4.25% today, as expected. The vote came in at 6–3, with Swati Dhingra, Dave Ramsden, and Alan Taylor opting for a 25bps cut. Known doves Dhingra and Taylor had pushed for a larger 50bps cut at last meeting. A surprise was that Ramsden who aligned with the majority […]

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