MPC minutes point to steady rates
MARKET NEWS
LONDON – The Bank of England’s recent surprise interest rate cut is likely to be an isolated easing, analysts told FX Week following the publication of the minutes of the monetary policy committee’s last meeting.
The minutes revealed that the nine-strong committee voted 6-3 to lower rates by 25 basis points to 5%, a move which fuelled speculation that more cuts could be made.
"Basically the minutes confirmed that there is not too much pressure to cut rates again," Sonja Hellemann, FX strategist at
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