Pantheon Macroeconomics - The collapse in business activity and consumer confidence since the referendum has sealed the deal on policy easing from the MPC on Thursday. The Committee has cut Bank Rate by 50 basis points when the composite PMI has been near July's level in the past, as our first chart shows.

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1 August. 2016 Negative Interest Rates Won't Be Part of the MPC's Policy Response

By Samuel Tombs

The collapse in business activity and consumer confidence since the referendum has sealed the deal on policy easing from the MPC on Thursday. The Committee has cut Bank Rate by 50 basis points when the composite PMI has been near July's level in the past, as our first chart shows.

Posted: 1st Aug 2016 in 'U.K. Documents'

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