Review: BOE Cuts Rates, With Uncertainty on The Outlook Leading to a Three-Way Split in the MPC

by Brunello Rosa and Nato Balavadze

In this paper we discuss:

• The BoE’s latest assessment of the UK economy, which continues in its dis-inflation path;
• The decision to cut rates with a three-way split;
• The mixed revision to the growth and inflation outlook; 
• The increase in rates and strengthening of GBP following the decision and press conference. 

Download PDF: BOE Review May 2025

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