Meeting minutes show: ECB ready to cut interest rates in June

      On May 9, some analysts said that the Bank of England announced a decision as expected, keeping the bank interest rate at 5.25%. The results of the vote were not surprising. Vice President Ramsden ordered the vote to be changed from 8-1 to 7-2. As we have highlighted previously, Lumsden's about-face is important because he voted for a rate cut in November 2021 (when the Bank of England turned to a rate hike in December 2021 (the vote was 9-0) (The vote was 7-2), he changed his position in advance. But equally interesting is the inclusion of the Bank of England。