The central bank spotlight continues with the BOE today ...Middle East

There are plenty of mixed opinions about how the bank rate vote is going to pan out but one thing is for sure. That is the BOE is not going to make any changes to the bank rate today. It will remain at 5.25% as policymakers continue to deliberate their next steps. So, let's take a look at what that might be.As things stand, the first rate cut priced in by markets is for June this year. That said, the odds of a May rate cut are at ~69% currently. So, that means a move then is not completely off the table either.Including today, the BOE has three more policy meetings to really communicate a pivot. However, they are not likely to do that today and it would be prudent for them to maintain a more

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Last updated : 01 February 2024 clock 09:28 AM

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The central bank spotlight continues with the BOE today ...Middle East

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