BoE on hold, dovish undercurrent builds with 3 votes for cut - Action Forex

Dovish BoE hold keeps markets calm

The Bank of England (BoE) kept interest rates at 4.25% in June, citing global uncertainty, energy-price risks, and lingering wage pressures as reasons for caution, though markets still expect up to two rate cuts later this year. The vote, however, revealed a slightly more dovish tilt than expected, with three members of the Monetary Policy

BoE on hold, dovish undercurrent builds with 3 votes for cut - Action Forex

BoE left its policy rate unchanged at 4.25% today, as expected. The vote came in at 6–3, with Swati Dhingra, Dave Ramsden, and Alan Taylor opting for a 25bps cut. Known doves Dhingra and Taylor had pushed for a larger 50bps cut at last meeting. A surprise was that Ramsden who aligned with the majority […] The post BoE on hold, dovish undercurrent builds with 3 votes for cut appeared first on Action Forex.