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Tokmak june is not a Fait Accompli, or ruled out. Well, a cut in Interest Rates this summer would be welcomed by the government here in the uk which will have to call a general election by the end of the year. But the uks finance minister, chancellor of the exchequerjeremy hunt, says the decision is for the Bank Of England to make and must be independent. These are really finely balanced decisions, but i welcome the fact the Bank Of England has obviously thought about this very hard. They take this decision independently. And i would much rather that they waited until they were absolutely sure inflation is on a downward trajectory than rushed into a decision that they had to reverse at a later stage. What we want is sustainably low Interest Rates. And i think what is encouraging is that the Bank Of England governor, for the first time, has expressed real optimism that we are on that path. Jeremy hunt fair. Joining us now is jane foley, head of Foreign Exchange strategy at rabobank. Jan

Bank of englandEuropean central bankBusiness todayBen thompson5 25Interest ratesAndrew baileyMajority decisionCommittee membersThird dayFtse 100Rate cutLabour marketsInflation activityFait accompliFinance minister