 Great Britain - BoE decision. Actual: 4.75%. Forecast: 4.75% (maintained)
The Bank of England has decided to keep interest rates on hold at 4.75%, as expected. The vote of BoE bankers is 3 to cut, 6 to maintain (MPC vote distribution was expected to be 1x8). More dovish vote share sends pound lower after BoE decision.
āđāļĢāļīāđāļĄāđāļāļĢāļāļāļąāļāļāļĩāļ§āļąāļāļāļĩāđ āļŦāļĢāļ·āļ āļĨāļāļāđāļāđāļāļąāļāļāļĩāļāļāļĨāļāļāđāļāļāđāļĢāđāļāļ§āļēāļĄāđāļŠāļĩāđāļĒāļ
āđāļāļīāļāļāļąāļāļāļĩ āļĨāļāļāļāļąāļāļāļĩāđāļāđāļĄāđ āļāļēāļ§āļāđāđāļŦāļĨāļāđāļāļāļĄāļ·āļāļāļ·āļ āļāļēāļ§āļāđāđāļŦāļĨāļāđāļāļāļĄāļ·āļāļāļ·āļTraders add to BoE easing bets, see 58Bps of Cuts next year.
Governor Bailey - Due to heightened uncertainty in the economy, we can't commit to when or by how much we will cut rates in 2025.
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Source: xStationÂ
