Jul 5
BOE Preview: June interest rate decision
Current Base Rate: 0.50% Consensus: 0.50% The MPC is expected to keep rates on hold for a third month at its June meeting and adopt a 'wait and see' approach as economic indicators, show some signs of improvement in the economy. It remains a moot point why the BOE chose not to deploy the additional GBP 25bln assigned for quantitative easing (QE) after a dovish May Inflation Report pointed to an uncertain outlook, as well as a 'relatively slow and protracted' recovery. The BOE may have felt
