Summary
CITY pundits yesterday predicted base rates would fall next month after minutes of the last Bank of England meeting showed the monetary policy committee came within a whisker of cutting the cost of borrowing.
"We are quite likely to see the first rate cut coming at the August meeting, with another 25-basis point cut at the November meeting, " said Ian Stannard, a senior foreign exchange strategist at BNP Paribas.See the full content of this document
Extract
High Hopes for Base Rate Cut in August
Other economists took the same view as Stannard.
Howar...See the full content of this document
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