Bank of England Interest Rate Decision: Analysts Predict No Change in Rates ...Middle East

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Bank of England Interest Rate Decision: Analysts Predict No Change in Rates
The Bank of England meets today, Thursday, September 19, 2024.Decision due at 1100 GMT0700 US Eastern timeI posted a preview earlier here:BoA anticipate the Bank of England (BoE) will maintain Bank Rate at 5.0% at meeting todayTD is also tipping an on hold result:7-2 vote expectedTD outline 3 scenarios, and nominate probabilities for each:Base Case (70%, Hold, £100bn QT)The MPC votes 7-2 (+/- 1) to keep rates on hold at this meeting. Nothing changes materially enough in the Summary/Minutes to suggest a rate cut in November is off the table, but the MPC does continue to sound quite cautious around easing given strong wage growth and services inflation. QT is announced at another £100bn for t

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