BoE is in the spotlight to deliver further easing - BNZ

Research Team at BNZ, suggests that the Bank of England is in the spotlight to deliver further easing to support the post-‘Brexit’ economy, on Thursday.

Key Quotes

“Governor Carney, previously more than hinted at a cut when he said; ”the economic outlook has deteriorated and some monetary policy easing will likely be required over the summer”. The market is almost 90% priced for a 25bps cut on Thursday. If delivered, this would take the BoE’s cash rate to 0.25%.”