BREAKING: Bank of England holds interest rates unchanged

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The Bank of England decided to hold interest rates in the United Kingdom unchanged at 4%, in line with market expectations.

BoE MPC Vote Cut Actual 2 (Forecast 2, Previous 5)
BoE MPC Vote Unchanged Actual 7 (Forecast 7, Previous 4)
BoE MPC Vote Hike Actual 0 (Forecast 0, Previous 0)

BoE alerts about the risk of second-round effects on wages and prices; “gradual and careful" approach remains appropriate. The comment seems quite hawkish. Traders keep Bank of England rate bets steady, seeing now 6bps more cuts this year.

Source: xStation5

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