HALISTER1: JPMorgan Sees BOE Cutting Rates to Zero in Aug. vs 0.25% Prior

JPMorgan Sees BOE Cutting Rates to Zero in Aug. vs 0.25% Prior

(Bloomberg) -- Expect BOE to cut rates by 50bps at August meeting vs 25bps previously after Chief Economist Haldane said he will probably push for stimulus next month, JPMorgan analyst Allan Monks writes in client note.
  • Continue to expect a GBP75b increase in sovereign QE and the announcement of some credit easing measures, possibly an extension of the FLS program or some corporate bond purchases
  • NOTE: BOE to cut rates in August and November, JPMorgan said Thursday
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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Allan Monks (JP Morgan Chase)

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