The base case is for a 25bp cut in Bank Rate at the August meeting, but recent data uncertainty and lack of communication make the decision less certain, with markets pricing it as a coin-flip.
Deputy Governor Ramsden and external member Dhingra are expected to again dissent in favor of a rate cut, while a divided MPC is likely regardless of the decision, reflecting differing views on policy action.
[
Collection
]
[
|
...
]