Lates News

Raymond James Investment Services analyst Jeremy Batstone-Carr stated that, as widely expected by the market, the Bank of England's Monetary Policy Committee kept interest rates unchanged on Thursday, but the decision was not unanimous. Despite signals from the committee indicating a leaning towards a rate cut at the next meeting, three more dovish members voted in favor of a further 25 basis point rate cut. This decision of dissent suggests that the central bank is preparing to further ease monetary policy, potentially as early as August.