…rate decision split
Posted by admin on April 24th, 2008
The published minutes of the Monetary Policy Committee reveal that it’s members were split overthe decision to cut interest rates.
Two members wanted to leave the rate at 5.25%, whilst one member vited for a 0.5% cut. Six of the nine members agreed that a 0.25% cut to 5% was the best course of action.
We expect to see further monetary easing, with the next 0.25% possibly coming in June or even May.
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