Commenting on the BofE keeping rates unchanged and how it could get ahead of the curve

Commenting on the BofE keeping rates unchanged and how the Bank could get ahead of the curve, Artur Baluszynski, Head of Research at Henderson Rowe, said: “Absent currency or balance of payments crisis, we just don’t see the Bank of England even considering raising rates anytime soon. Cuts are increasingly likely due to the prolonged uncertainty around Brexit. In fact, considering how sensitive the UK banking system is to softening house prices, we wouldn’t be surprised if the Bank of England gets ahead of the curve.”