BoE rate cut: about time too!
MARKET VOICE
The Bank of England has dragged its feet, but at long last the policy committee has taken action to offset the slowdown in the UK economy that began almost a year ago. For some time we have been among the most pessimistic forecasters of the UK economy, and gradually the market and the monetary policy committee (MPC) have fallen into line with our view.
The press statement that accompanied the decision stated that 'although there are some signs of a pickup in consumer spending, downside risks
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