Will the Bank of England change the UK's interest rate at their 1st February meeting?

875Ṁ7468

resolved Feb 1

ALL

100%99.6%

Keep rates the same

0.1%

Raise rates

0.3%

Lower rates

The Bank of England meets on 1st February 2024 to set interest rates.

Since rate cuts are looking just as likely (maybe even more so) than rate hikes this year, I've changed from asking a YES/NO question about whether they will raise rates to a three-way multiple choice question about whether they will raise rates, lower rates or keep them where they are.

Here are some markets on other UK economic stats:

/SimonGrayson/will-the-uks-monthly-gdp-figure-pub-2e041c940093

/SimonGrayson/will-the-uks-cpi-inflation-figure-p-53cc9309e780

/SimonGrayson/will-the-uks-cpi-inflation-figure-p-3573e5edf038

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The BoE votes to keep rates at 5.25%.

Unusually, it’s a three way split decision with two members of the committee voting to raise rates, one member voting to cut rates and the remaining six members voting to keep them at 5.25%.

The next meeting is on 21st March:

This market is for the next BoE meeting after today’s.

The market’s expecting the rate to be held at 5.25% when the BoE announces their decision at Midday today:

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