Bank to cut by 100 basis points?

The Bank of England will likely cut rates by a full percentage point on Thursday, some leading City of London economists believe.

A percentage-point cut would be the steepest since January 1993 and would leave rates at 3.5%. The Monetary Policy Committee (MPC), formed in 1997, has never cut by more than 50 basis points.

George Buckley, the chief UK economist at Deutsche Bank, said that a fall in Purchasing Managers' Index (PMI) data, an indicator of future demand for goods, to "levels not see

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: