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Interest rate decision: Bank holds rate but says it's 'optimistic' things moving in right direction - BBC News | |
(32 minutes later) | |
Michael Race | |
Reporting from the Bank of England | |
The press conference has just ended here at the Bank of England. | |
There were no real surprise comments from the governor and his colleagues - but there’s still lots to unpack from the Bank’s Monetary Policy Report. | |
Bailey was asked several times, in several different ways, whether a June interest rate cut was on the cards or not, but refused to be drawn either way. | |
It seems an August or September cut might be more likely, given the Bank is clear it wants to see the hard inflation figures before it makes a decision. | |
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