Reuters out with a poll in the Brexit aftermath
- 33 of 52 economists see BOE on hold in July meeting; 17 see cut of 25 bps; 2 see 50 bps cut
- After cut, median sees BOE on hold through 2017
- Median 80% chance of a cut this year
- Majority say lower rates and more asset purchases most likely BOE response to UK vote to leave
The OIS market is much more aggressive, pricing in a 67% chance of a cut at the July 14 meeting and 86% chance of a cut in August or sooner.
