Investors are set to focus on the MPC vote split, inflation outlook and Governor Andrew Bailey’s comments on Thursday.
The Bank of England is set to hold interest rates steady at its Thursday meeting, with traders expected to pour over the details of Governor Andrew Bailey's statement.
LONDON — The Bank of England is set to hold interest rates steady at its Thursday meeting, with traders expected to pore over the details of Governor Andrew Bailey's statement as anticipation builds for a potential summer rate cut.The BOE's Monetary Policy Committee is widely expected to keep the Bank Rate at 5.25%, with an announcement due at midday., which came in at 3.2% in March, slightly higher than consensus forecasts had suggested and still some way from the BOE's 2% target.
Francesco Garzarelli, head of research at Eisler Capital, said investors would be paying attention to the split of votes on Thursday from the MPC's nine voting members for clues about the June meeting.
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