UK BOE Monetary Policy Report
It provides valuable insight into the bank's view of economic conditions and inflation - the key factors that will shape the future of monetary policy and influence their interest rate decisions;
Report provides the BOE's projection for inflation and economic growth over the next 2 years. The BOE Governor also holds a press conference to discuss the report's contents after release. In Nov 2019 source changed report name from Inflation Report to Monetary Policy Report;
- History
Expected Impact / Date | Description |
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May 9, 2024 | |
Feb 1, 2024 | |
Nov 2, 2023 | |
Aug 3, 2023 | |
May 11, 2023 | |
Feb 2, 2023 | |
Nov 3, 2022 | |
Aug 4, 2022 | |
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- UK BOE Monetary Policy Report News
- From @financialjuice|May 9, 2024
post: UK BOE DEP. GOV. BROADBENT: MARKET RATE CURVE MAY BE A LITTLE HIGH, BUT IT DOESN'T MEAN IT IS UNREASONABLE.
- From @FirstSquawk|May 9, 2024|2 comments
post: BOE'S BAILEY - LIKELY WE WILL NEED TO CUT BANK RATE OVER THE COMING QUARTERS BOE'S BAILEY - POSSIBLE WE WILL NEED TO CUT RATES MORE THAN CURRENTLY PRICED INTO MARKET RATES post: BOE GOV. BAILEY: WE HAVE NO PRECONCEPTIONS ABOUT HOW FAR AND FAST WE WILL CUT RATES. post: BOE GOV. BAILEY: MARKET MOVES IN INTEREST RATE EXPECTATIONS HAVE BEEN DOMINATED BY US MOVES. post: BOE GOV. BAILEY: THERE HAS BEEN SOME DECOUPLING RECENTLY BETWEEN UK AND US MARKET RATE EXPECTATIONS. post: BOE GOV. BAILEY: ONE SMALL CUT IN THE BANK RATE WOULD STILL LEAVE US WITH RESTRICTIVE MONETARY POLICY.
- From @financialjuice|May 9, 2024|1 comment
post:
BOE GOV. BAILEY: GLOBAL INFLATION SHOCKS ARE FADING. post: BOE GOV. BAILEY: IT IS ENCOURAGING THAT INFLATION WILL BE CLOSE TO THE TARGET IN THE COMING MONTHS. post: *BOE'S BAILEY: `NOT YET AT A POINT' TO CUT BASE RATE post:
BOE GOV. BAILEY: HIGHER THAN EXPECTED WAGE AND SERVICES INFLATION SINCE FEBRUARY SHOULD GIVE US PAUSE FOR THOUGHT, BUT SHOULDN'T OVERINTERPRET. post:
*BOE'S BAILEY: JUNE BANK RATE CUT IS NOT RULED OUT OR PLANNED
- From youtube.com/bankofenglanduk|May 9, 2024|1 comment
Our Monetary Policy Committee (MPC) decides what monetary policy action to take. The MPC sets and announces policy eight times a year (roughly once every six weeks). In this video, the MPC discusses the decisions taken in May 2024 and answers questions from the press.
- From bankofengland.co.uk|May 9, 2024
We have raised interest rates over the past couple of years to help slow down price rises (inflation). It’s working. Inflation in the UK has fallen to its lowest level since September 2021, from a peak of 11% in 2022 to 3.2% in March. High inflation affects everyone, but it particularly hurts those who can least afford it. We need to make sure that inflation comes down to 2% and stays there. The progress we are seeing in the key economic data is encouraging, but we are not yet at the point of cutting interest rates. We need to see ...
- From econoday.com|May 6, 2024|1 comment
Recent comments from a number of MPC members have hinted that a cut in Bank Rate might not be too far away and possibly rather sooner than financial markets currently expect. However, apart from the leading dove, Swati Dhingra, most policymakers would still seem to favour waiting until there has been further progress on reducing inflation. Consequently, there is a strong market consensus in favour of the benchmark rate being held at 5.25 percent on Thursday. There is also a good chance that March’s 8-1 vote for no change will be ...
- From bankofengland.co.uk|Feb 1, 2024
We have raised interest rates over the past two years to help slow down price rises (inflation). It’s working. Inflation in the UK has fallen from a peak of 11% in 2022 to 4% in December 2023. But inflation is still above our 2% target. High inflation affects everyone, but it particularly hurts those who can least afford it. We need to make sure it comes down further. We expect inflation to fall, though with some bumps along the way. It could briefly drop to 2% in the spring, before increasing slightly again. We will keep interest ...
- From econoday.com|Jan 29, 2024|1 comment
While the BoE is widely seen lowering interest rates over coming months, there is a clear consensus expecting Thursday’s policy announcement to leave Bank Rate at 5.25 percent, the level to which it was raised back in August 2023. Despite its recent, and surprisingly sharp slowdown, inflation remains well above target and far too high to accommodate any near-term cut in rates. Indeed, there may even be some MPC members who still want another increase – recall that in December, Jonathan Haskell, Catherine Mann and Megan Greene all ...
Released on May 9, 2024 |
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Released on Feb 1, 2024 |
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