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- Bank of England may cut rates this year – Rabobank
Bank of England may cut rates this year – Rabobank
According to analysts at Rabobank, last comments from the BoE's Vlieghe suggesting that he would vote for a rate cut as early as January 30 if domestic economic data weakens
"Recent comments from BoE's Governor Carney were also viewed as dovish as were remarks from Tenreyro. Currently UK GDP growth is below trend and CPI inflation is below the Bank's inflation target. Any sign that talks between the UK and EU on their future arrangements are not smooth would increase downside risks to the UK economy. Given PM Johnson's refusal to extend the transition phase beyond the end of 2020, the risk of a disorderly Brexit remains in play. GBP/USD has pushed below the 1.30 level this morning. This compares with a post-election high around 1.35."
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