BoE: August easing on the cards? - Westpac

Analysts at Westpac explained that the BOE held its policy rate steady at 0.5% but said an easing is likely in August.

Key Quotes:

"Members voted 8-1, the statement saying: "Committee members made initial assessments of the impact of the vote to leave the European Union on demand, supply and the exchange rate. In the absence of a further worsening in the trade-off between supporting growth and returning inflation to target on a sustainable basis, most members of the Committee expect monetary policy to be loosened in August. The precise size and nature of any stimulatory measures will be determined during the August forecast and Inflation Report round.""