Investment industry urges BoE to tread carefully following interest rate cut decision
The Monetary Policy Committee voted 8-1 in favour of a 25 basis-point cut to 4.75%
The Monetary Policy Committee voted 8-1 in favour of a 25 basis-point cut to 4.75%
Conditions appear ‘ripe for another rate cut’, according to industry commentators
The Bank of England held interest rates after an uptick in inflation in August
Headline inflation may seem rosier, but August dealt ‘another headache’ for the BoE as inflationary pressures mount
MPC voted 5-4 in favour of a 25bps cut
Predictions come ahead of tomorrow’s (9 May’s) Monetary Policy Committee meeting
Eight of the nine MPC members voted to pause, while one favoured a 25bps cut
Inflation remains stickier than expected across the US, the UK and Europe
Markets are still expecting the Bank to strike a more dovish tone in 2024
UK CPI is ‘trapped between the push and pull of prices at the pump and those on supermarket shelves’, warn experts
Several industry commentators call for the Bank of England to tread carefully amid a lack of confidence
Key events for UK wealth managers for the week starting 31 July