BoE expected to cut rates again, but not this week
MARKET NEWS
LONDON -- The Bank of England (BoE) will cut UK interest rates again, but it is unlikely to happen at this week’s Monetary Policy Committee meeting, analysts told FX Week.
"Given that the BoE could be accused of political bias if it cut rates so close to the [UK, June 7] election I don’t see them cutting this week," Will Rugg, senior currency analyst at Standard & Poor’s MMS in London told FX Week. "I think they will hold off until July and cut by 25 basis points then."
The Bank of England has
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