Westminster Bank: Low probability of interest rate cut by the UK Central Bank

Jinshi Data News on September 19th, the National Westminster Bank of the United Kingdom predicts that the likelihood of a interest rate cut by the Central Bank of the United Kingdom in September is very low, about 10%. The basic scenario is a voting ratio of 7-2, with Dinggra and Ramsden supporting the interest rate cut, a 6-3 probability of 30%, and 8-1 probability of 5%. It is expected that the forward guidance will remain basically unchanged. The minutes of the meeting will once again mention the delicate balance of the decision. It is expected that the initiative to sell government bonds will end, maintaining the passive target of reducing debt by 87 billion pounds. It is expected that the Central Bank of the United Kingdom will cut interest rates by 25 basis points in November, February, March, and May, when the interest rate will be reduced to 4.00%.