A recent Reuters poll has revealed a split among economists regarding the timing of the first rate cut by the Bank of England (BoE). The poll indicates that some economists believe the rate cut could come as early as June, while others predict it will happen in the third quarter of the year.
The differing opinions stem from the uncertainty surrounding the economic impact of the ongoing COVID-19 pandemic. The BoE has already taken measures to support the economy, including cutting interest rates to a record low of 0.1% and implementing a substantial bond-buying program.
