8 November 2001, 09:56 MktNews: Economicsts See 25bps Repo Rate Cut
Eighteen out of 20 UK economists polled Tuesday
expect the Bank of England's Monetary Policy Committee to cut the repo
rate 25 basis points to 4.25% after its meeting on November 7-8. The
mean probability of a 25-basis-point cut is 65%, while the chance of
unchanged rates is estimated at 27.5%. Analysts attach only a 4.5%
median probability to a 50-basis-points rate cut.
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