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Monetary Policy Committee

All articles tagged with #monetary policy committee

financeeconomy1 year ago•2 min saved

"Bank of England Signals Rate Cut Amid Policy Split"

Bank of England Governor Andrew Bailey hinted that the market's expectations for future rate cuts may be correct, as the central bank voted to hold interest rates steady at 5.25% while investors anticipate four rate cuts by year-end. The Monetary Policy Committee's 6-3 split vote reflects differing opinions on inflation, which unexpectedly rose to 4% in December. Bailey did not commit to a specific timeline for rate cuts but indicated that the bank is "on a path" toward lowering rates, aligning with the market's sentiment.

via CNBC|

#andrew-bailey #bank-of-england #financeeconomy

economy2 years ago•1 min saved

Bank of England maintains interest rates at 5.25% amidst economic slowdown

The Bank of England has decided to keep interest rates unchanged at 5.25%, the highest level since 2008, as the UK economy slows. The bank believes that previous rate rises will be sufficient to bring inflation back to the government's 2% target. However, financial markets are predicting five interest rate cuts by the Bank of England next year, while the US Federal Reserve has signaled it will cut rates three times in 2023.

via The Guardian|

#bank-of-england #economy #inflation