MNI BOE Preview - December 2025: What follows a Christmas cut?

For the full MNI BOE Preview click here

• Governor Bailey is almost unanimously expected to join the four dovish dissenters and deliver a Christmas BOE 25bp rate cut at tomorrow's meeting (expected unanimously by the sell side and priced over 23bp at the time of writing).
• The market will be looking for more nuance at this meeting so we look at our top 7 things to watch in the meeting (assuming we do get the expected cut; if we don’t then the market isn’t going to pay much attention to the details!).
• We also summarise over 20 sellside previews - a 5-4 vote split is expected by the majority but analysts are split over what happens after December.