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> Former BOE MPC member Saunders sees cut in August and cash rate to 3.5% at end-2025

Former BOE MPC member Saunders sees cut in August and cash rate to 3.5% at end-2025

Comments from Michael Saunders

Adam Button

Thursday, 27/06/2024 | 13:53 GMT

0

BoE Monetary Policy Committee (MPC) member Michael Saunders in an interview. — Former BoE Monetary Policy Committee member Michael Saunders

BOE will probably cut in August
Sees bank rate down to 3.5% by the end of 2025

Market pricing is 53% for an August cut and the implied rate at the end of 2025 is 4.01%.

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