BoE seen shifting into easing mode

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BoE flies the LGBT pride flag on June 24, the day the UK's vote to leave the EU is revealed. Photo: Dan Hinge

Having been inching towards a rate hike, the Bank of England (BoE) may be about to go into reverse, according to economists watching the aftermath of the UK referendum.

The UK voted to leave the European Union by 52% to 48%, pitching the country into political chaos and setting the economy up for years of uncertainty. The referendum is "advisory", not legally binding, although politicians are unlikely to go against the result. The timeline for negotiations and eventual deal remain highly unclear

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