The seven-day repurchase rate was left unchanged at a record low 1.25 percent, as forecast by all 20 economists in a Bloomberg survey.
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We expect the BoE to cut Bank Rate on Thursday. They have nothing to gain by waiting: better to get ahead of the issue. – We look for 40bp cut, but see a good chance of only 25bp: Carney has said he is concerned about taking rates “too low”.
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… and Carney saying easing was likely to be needed over the summer, 31 of 54 economists in a Bloomberg survey had predicted pre-emptive action.
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Uncounted by statisticians and invisible to tax collectors, a population the size of Texas — or about 30 million people — plies its trade in the nooks and
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Union Pacific crews work Sunday, June 5, 2016, to get oil out of rail cars after Friday's derailment near Mosier. (Carli Brosseau/staff).
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