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Will the Central Bank of the UK cut interest rates in August?
On July 11th, Jin10 Data reported that analyst Robert Howard said that the relatively hawkish speech by the Chief Economist of the Central Bank of England, Pierl, weakened the expectation of a rate cut in August. In less than 24 hours, UK GDP data showed signs of improvement, further exciting hawks who oppose a rate cut in August. Considering that Committee members Haskel and Mann both made hawkish comments this week, they are likely to vote in August to maintain the Intrerest Rate. If Pierl votes again next month to maintain the Intrerest Rate unchanged, then in the absence of a turnaround by Megan Green to support a rate cut, Governor Bailey, Deputy Governor Lombardelli, and Broaden need to stand with doves Ramsden and Ding Gra in order to implement a rate cut.