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#interestrates

27 posts15 participants1 post today

So the Bank of England's Monetary Policy Committee have cut interest rates, but only by the 0.25% points expected, not the bigger cut of 0.5% that some optimists had hoped for....

Once again Andrew Bailey is out & about making noises about unpredictability & what that is intended to convey is don't bank on another cut next month.... especially given two members of the MPC wanted no cut at all!

The sado-monetarists of Threadneedle St. want our pain to last a bit longer....