Bank of England: Why we don’t expect a rate cut this month

//Bank of England: Why we don’t expect a rate cut this month

There’s a week to go until the Bank of England announces its first decision of the decade, and markets are gearing up for an interest rate cut. Swap pricing suggests a 60% probability of easing next week (30 January). We’re less convinced and think policymakers are more likely to ‘wait-and-see’ how the recent uptick in sentiment translates into activity before deciding on action – although it is undoubtedly a close call. Either way, here’s our attempt to get inside the heads of the committee as they begin their deliberations. Four versus Five – the doves still just about outnumbered at the Bank of … (full story)

2020-01-24T13:26:49+00:00