'Any other decision would be a major surprise to markets': Chances of a May rate hike falls to just 8%

Drop of 90 percentage points in one month

Tom Eckett
clock • 3 min read

The market expectations of an interest rate rise in May has fallen 90 percentage points in one month following weaker-than-expected GDP data, lower inflation and Bank of England governor Mark Carney's comments that it was not a "done deal".

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