Capital Economics has predicted the UK's base rate could be cut imminently after the latest minutes from the Monetary Policy Committee (MPC) showed members were considering further stimulus measures.
The minutes from September's meeting - when rates were left on hold at 0.5% and the quantitative easing programme was left at £375bn - showed all nine members voted to keep the asset purchasing programme where it was. Members also unanimously voted for rates to stay where they are, but the minutes noted a number of members "felt that additional stimulus was more likely than not to be needed in due course". Martin Beck, UK economist at Capital Economics, said the minutes did little to diminish the prospect of further policy stimulus over the coming months, and he predicted a rate cut c...
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