James de Garis on Instagram: "BoE Cuts Key Rate By 25Bps to 3.75%, As Expected - Votes 5-4 To Cut Rate, As Expected Overall, an as-expected outcome, but given the recent dovish CPI release, one that is more hawkish than expected. Particularly, the 5-4 vote split, Bailey the tie-break, was more hawkish than calls for 6-3 or even 7-2 following the recent CPI data. Additionally, the statement adds commentary on the neutral rate and highlights that as the BoE now approaches, there is “more limited s