MNI BoE Review - May 2025: A Higher Bar to A June Cut

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May-11 17:46By: Tim Davis
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  • The BOE’s MPC voted to cut Bank Rate by 25bp to 4.25% as expected – but the 2-5-2 voting split was a surprise.
  • The MNI Market team thinks that a cut in June is still possible but the bar is much higher than had been expected going into the meeting.
  • We look at why the MPC was more concerned about inflation developments and inflation expectations.
  • We also look at the views of each MPC member, when they are due to speak and what to look out for.
  • In addition, we summarise over 20 sell side analyst views.