is widely expected to hold interest rates at 5.25 per cent yet again when it releases its latest decision on Thursday.
“We also expect rate-setters to leave their guidance on the timing of the first rate cut little changed,” experts from Pantheon Economics said. Meanwhile, a report from economists at BNP Paribas, said: “We expect the Bank to keep Bank Rate on hold at its 20 June meeting by an unchanged vote split of 7-2 with broadly similar guidance.”
Despite this, economists believe an interest rate cut in August is still possible, although it is far from certain.
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