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Former BOE MPC member Saunders sees cut in August and cash rate to 3.5% at end-2025

Former BOE MPC member Saunders sees cut in August and cash rate to 3.5% at end-2025

Central Banks
Adam Button
27/06/2024 | 13:53 GMT
  • Comments from Michael Saunders
BoE Monetary Policy Committee (MPC) member Michael Saunders in an interview.
Former BoE Monetary Policy Committee member Michael Saunders
  • BOE will probably cut in August
  • Sees bank rate down to 3.5% by the end of 2025

Market pricing is 53% for an August cut and the implied rate at the end of 2025 is 4.01%.

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