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BOE's Breeden: Latest developments have a material impact on economic outlook and risks
BOE
BoE's Breeden
- World has moved on significantly since March MPC meeting
- Very unclear what overall landscape will be for tariffs in medium term
- Impact on inflation from US tariffs not clear cut
The market is pricing in an 80% chance of a cut to 4.25% in May.
Source: Forex Live
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