MNI BoE Review - May 2025: A Higher Bar to A June Cut
May-11 17:46By: Tim Davis
UK+ 2
- 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.
