Citing ever-weakening property markets and tightening credit conditions as key factors in this decision, Barclays has said that the Monetary Policy Committee's hand will once again be forced.
Barclays Stockbrokers' investment analyst, Henk Potts, said that he expected quarter point cuts in February and April to take rates back to 4.75 per cent as a result of the mounting pressure that has been 'building and building.'
