Jack Meaning, chief UK economist at Barclays, said in a note that the BoE was likely to leave interest rates unchanged at 4.50 per cent in its forthcoming March 20 decision and reiterated that future cuts would be gradual. "Nothing in the data since February has materially changed the view of the [BoE] monetary policy committee," he said. He said the BoE was likely to leave policy guidance unchanged at its March meeting and could cut rates by 25 basis points in May.
Deutsche Bank Research expects the BoE to cut interest rates four more times in 2025, bringing them down to 3.50 per cent. However, Sanjay Raja, an economist at the bank, said in a note that interest rates should remain unchanged at 4.50 per cent at the BoE's next decision on March 20. "In our view, a'gradual and cautious' approach is not conducive to consecutive rate cuts - especially if the headline CPI rises," Raja said. According to LSEG data, the market expects a 92% chance that the BoE wil...
Bank of England Monetary Policy Commissioner Mann: Interest rates need to remain restrictive.
Bank of England member Taylor: If there is a secondary effect (inflation), interest rate cuts will be suspended.
Traders trimmed expectations for a rate cut by the Bank of England, which is expected to be less than 50 basis points before the end of the year.
The use of the Bank of England's indexed long-term repurchase facility (ILTR) rose to 13.30 billion pounds, the highest level since April 2020.
Bank of England Governor Bailey said the fourth-quarter GDP data did not change the overall picture of the British economy. (Jin Ten)
The Bank of England's gold stockpile has fallen by about 2% since the end of 2024.
February 6th news, Beijing time tonight at 20:00 the Bank of England will announce interest rate decisions and update quarterly economic forecasts, the market is widely expected that the bank will cut interest rates by 25 basis points to 4.5%, the voting ratio or reproduce differences, the probability of retaining "quarterly interest rate cuts" signal, please pay attention to related risks....
The Bank of England cut interest rates by 25 basis points, lowering the base rate from 4.75% to 4.5%, in line with market expectations, the third interest rate cut in this round of interest rate cuts.
Traders raced to the US in a global rush for gold. The Bank of England's vaults were trading more than $5 a troy ounce below the London spot price, a rare spread. Click to view...
Market news: Gold dealers are selling gold bars from the Bank of England's vaults at a discount by more than $5 an ounce off the London spot gold price.
The Bank of England is expected to cut interest rates by about 80 basis points by the end of 2025, compared with about 75 basis points expected on Friday, UK interest rate futures show.
The Bank of England is expected to cut interest rates by another 25 basis points this week, as policymakers weigh signs of a weakening British economy against the prospect of a short-term pick-up in inflation. Financial marekt has been betting that the Bank of England's monetary policy committee will cut the official interest rate to 4.5% on Thursday, the third cut in borrowing costs in more than half a year. But with inflation likely to pick up again in the UK and US President Donald Trump's ta...
Taylor, a member of the Bank of England, said the basic expectation for a rate cut this year is about 100 basis points.