Reported 10 months ago
The Bank of England (BoE) announced during its policy meeting on June 20 that the benchmark interest rate would remain at 5.25%, marking the seventh consecutive hold, but with a dovish tone hinting at a rate cut soon. Market expectations now indicate a 50% probability of a rate cut by the BoE in August. Various reports suggest a shift in attitude among officials towards a possible rate reduction following recent economic developments and lower inflation figures.
Source: YAHOO