Seems more likely than not at this stage.
Its more about credibilty, you know “being seen to act”.
A 10-15bp cut does very little in the grand scheme of things with regards to growth and inflation however tracker holders will certainly feel the difference.
Something more non-traditional needs to be done to ward of the ever increasing risk…
Periphery nations ( i.e Spain, Port, Greece, Cyprus) require deflation as part of re-adjusting and recovering. We havnt seen it in the core as of yet.