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Ahead of the Bank of England's interest rate decision Thursday, where the central bank is widely expected to cut rates by 50 basis points, experts tell CNBC to expect another round of rate cuts worldwide.
A 50 Bps BoE Rate Cut
To protect the pound sterling's vulnerability, Mitul Kotecha, head of global FX strategy at Calyon expects the BoE to only give a 50 basis-point rate cut Thursday.
BoE to Cut Again in Feb
Simon Rubinsohn, chief economist at RICS, sees the Bank of England cutting rates by 50 basis points Thursday, as widely expected. He also sees the UK central bank easing rates again in February and then staying pat "for a little while."
Big Enough to Help the Banks
“I think the Bank of England has to do 100 (basis point reduction), because if it does 100 something will go to the consumer and something will go towards the banks and both of them can have a share,” David Bloom, global head foreign exchange strategy at HSBC, told CNBC.
“They need to do enough so the banks can take some of the money, in terms of not passing it through, but it’s big enough so they can pass through some of the interest rate, and that’s why we’re still looking for 100 basis points,” he added.
BoK to Cut by 50 Bps Too?
PK Basu, chief economist for Asia ex-Japan at Daiwa Institute of Research expects the Bank of Korea to make a 50 basis point-rate cut when it meets Friday. He tells CNBC why he hopes this will be the end of its rate cutting cycle.
Expect Another RBA Rate Cut in Feb
In the wake of a slew of weak economic data, Scott Haslem, chief economist at UBS expects the Reserve Bank of Australia to make at least a 50 basis-point rate cut in February. He gives his analysis on the health of the Aussie economy.
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