1142 GMT - A three-way voting split at Thursday's monetary policy decisions shows the Bank of England's Monetary Policy Committee is clearly very divided on how policy should respond to the many shocks currently hitting the economy, says Aberdeen's Luke Bartholomew in a note. "This is highly unusual and will make it hard for the Bank to send a clear signal to the market about the likely path of policy," the deputy chief economist says. Still, with the BOE maintaining its guidance that further cuts will be "gradual and careful," the chance of another cut in June has probably fallen significantly. Aberdeen expects at least two more BOE rate cuts this year. (emese.bartha@wsj.com)
(END) Dow Jones Newswires
May 08, 2025 07:42 ET (11:42 GMT)
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