When will the Bank of England next lower the base rate?
Plus
22
Ṁ4404resolved Aug 1
100%78%
August 2024
0.6%
May 2024
1.5%
June 2024
7%
September 2024
4%
November 2024
2%
December 2024
4%
2025 or later
0.9%
March 2024
2%Other
The Bank of England's Monetary Policy Committee is scheduled to meet 7 more times in 2024.
https://www.bankofengland.co.uk/monetary-policy/upcoming-mpc-dates
If the rate is raised again this year and then subsequently reduced, this will count as lowering the base rate.
For clarity, the market relates to the date of the MPC meeting where rates are reduced. It is possible, but unlikely, that the MPC calls an emergency meeting, so the option to add answers will remain open.
This question is managed and resolved by Manifold.
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Bank of England Rate Decision: December 2024