BOE seen cutting rates in August - poll ...Middle East

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BOE seen cutting rates in August - poll
63 of 65 economists expect BOE to cut rates starting AugustAll economists polled expect there to be no change to rates later this month35 of 65 economists see two rate cuts by the BOE for this year24 of 65 economists see three rate cuts by the BOE for this yearOnly 3 of 65 economists anticipate more than three rate cuts by the BOE for this yearIt has been a while now that markets and the BOE itself have converged to a timeline for an August move. After a more resilient showing in Q1, the UK economy looks set to return to its sluggish roots again in Q2. That will add some pressure for the BOE to move, although price pressures remain relatively sticky for the time being.It will certainly be a

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