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08 November 2001 09:56  MktNews: Economicsts See 25bps Repo Rate Cut


Eighteen out of 20 UK economists polled Tuesday expect the Bank of England's Monetary Policy Committee to cut the repo rate 25 basis points to 4.25% after its meeting on November 7-8. The mean probability of a 25-basis-point cut is 65%, while the chance of unchanged rates is estimated at 27.5%. Analysts attach only a 4.5% median probability to a 50-basis-points rate cut.
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