HALISTER1: BNP Paribas Drops BOE Zero-Rate Forecast, Now Sees Cut to 0.25%

BNP Paribas Drops BOE Zero-Rate Forecast, Now Sees Cut to 0.25%

(Bloomberg) -- BNP Paribas no longer expects BOE to lower rates to zero, but continues to see a 25bps cut and GBP50b of QE next month, followed by a further GBP50b in November, economist Dominic Bryant writes in client note after BOE left policy unchanged today.
  • See some risk rates could be cut further, possibly to 0.10%
  • NOTE: Sterling gains after BOE refrained from cutting rates are likely to be short lived, as the central bank signaled it will ease policy next month, analysts say
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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Dominic Bryant (BNP Paribas SA)

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