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Bank of England Meeting

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Meeting Date:

January 29 - 31

Rate Decision:

Feb 01, 2024 - 12:00 pm
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Description

Bank of England Monetary Policy Committee (MPC) interest rate announcement. The MPC meets on Monday and Wednesday. They vote at 1700 London on Wednesday and the decision is published 1200 London on Thursday.

Preview Coverage

The Bank of England is likely to take a cautious approach to modifying its guidance.

Jan-30 13:09

The February MPC meeting will almost certainly see Bank Rate left on hold at 5.25% but there are three significant aspects of the decision that will be closely watched by markets – the vote split, the guidance and the forecasts.

Jan-31 05:05

Review Coverage

The MPC removed its tightening bias . But there was also a more subtle tweak to the “extended period of time” language. The MNI Markets team sees a 25% probability of a first cut in May, 40% in June and 30% in August.

Feb-04 19:25

The Bank of England leaves rates at 5.25%, but drops a conditional reference to higher rates.

Feb-01 15:00

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