Rate setters on Threadneedle Street are poised reduce the current base rate from 4.5% to 4.25% in the BoE’s first decision since US President Donald Trump’s ‘Liberation Day’.
“A base rate cut looks nailed on but what will be most significant is the Bank’s future guidance,” said Jeff Brummette, chief investment officer at Oakglen Wealth.
UK labour market stagnates and shows ‘no signs of breaking’
In a faux Monetary Policy Committee (MPC) vote run by The Times, the shadow rate setters voted 6-3 in favour or trimming by the UK’s base rate by a quarter of a percentage point.
This…
