The Bank of England meets on 1st August 2024 to set interest rates. This will be the first meeting after the general election whey they are (presumably) setting interest rates under a Labour government.
Will they be kept on hold yet again? Will the next move be up or down, and will the fact that this is an election year influence the decision?
Here are some markets on other UK economic stats:
/SimonGrayson/will-the-uks-monthly-gdp-figure-pub-1gyw9jvwqw
/SimonGrayson/how-high-will-the-uks-cpi-inflation-p0uttyljmm
1,000
1.00The long awaited rate cut has finally happened - the BoE has lowered interest rates to 5%!
Is that it for now or will there be another cut next month? Predict here:
/SimonGrayson/will-the-bank-of-england-change-the-u11i3qq0co
“There was a 65% expectation of a reduction from 5.25% to 5%, according to market expectations reported by LSEG.“ per https://news.sky.com/story/bank-of-england-rate-cut-expected-as-federal-reserve-holds-again-13188045
This market is for the next BoE meeting rather than today's decision.
The market for today's meeting is here:
/SimonGrayson/will-the-bank-of-england-change-the-dda37e8acd22