Market Insight: BoE rate cut in August 'as close to 50-50 as it can be'

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Published Jul 17, 2024

UK inflation remained steady at 2% in June, which led to investors reducing their bets that an interest rate cut by the Bank of England would take place next month. However, Francesco Pesole at ING doesn't believe a rate cut can be eliminated completely and believes an August rate cut is ‘as close to 50-50 as it can be’

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Market Insight: BoE rate cut in August 'as close to 50-50 as it can be' | REUTERS

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