Published 08/01/2024 6:21:00 a.m.

UK interest rate decision on a knife-edge

Analysts state that a decision by the Bank of England to cut interest rates is "on a knife-edge" with a 60% chance of lowering rates from 5.25% to 5%.
The Bank has warned that high wage growth and sticky inflation in services complicate the possibility of a rate cut.
Economist James Smith believes it will be a "close call," but expects most policymakers to favor a 0.25 percentage point rate cut.

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BBC News

UK interest rate decision on a knife-edge

The Bank of England will meet later to decide whether or not to cut interest rates.

07/31/2024 11:11:14 p.m.·United Kingdom

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The Independent

Bank could cut UK interest rates but decision a ‘close call’, experts say

Expectations on financial markets show about a 65% chance of the Bank of England’s policymakers opting to reduce rates on Thursday.

08/01/2024 1:45:59 a.m.·London, United Kingdom

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Reuters

BoE's Bailey says rate cuts in play, FT reports

Bank of England Governor Andrew Bailey said expectations of interest rate cuts this year were not "unreasonable" and he struck an optimistic tone about the UK economy, the Financial Times reported on Friday.

08/01/2024 6:21:00 a.m.·United Kingdom

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Associated Press News

Bank of England mulling first interest rate cut since early days of COVID-19 over 4 years ago - Seymour Tribune

LONDON (AP) — Borrowing costs in the U.K. could be cut Thursday for the first time since the onset of the coronavirus pandemic more than four years ago, though economists stressed that the decision is likely to be a close call. Economists are divided as to whether the Bank of England, which is independent of […]

08/01/2024 6:09:50 a.m.·United States

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Daily Express

Interest rates could be cut by Bank of England in hours - here's why

The Bank of England's Monetary Policy Committee is due to make a key decision.

07/31/2024 12:56:00 p.m.·United Kingdom

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abc News

Bank of England mulling first interest rate cut since early days of COVID-19 over 4 years ago

Borrowing costs in the U.K. could be cut later for the first time since the onset of the coronavirus pandemic more than four years ago, though economists stressed that the decision is likely to be a close call

08/01/2024 6:09:50 a.m.·United States

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