Will the Bank of England change the UK's interest rate at their 21st March meeting?
Will the Bank of England change the UK's interest rate at their 21st March meeting?
25
635Ṁ7947
resolved Mar 21
100%99.7%
Keep rates the same (5.25%)
0.0%
Raise rates
0.2%
Lower rates

The Bank of England meets on 21st March 2024 to set interest rates.

Will they be kept on hold for the 5th meeting in a row? 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:

Will the UK's monthly GDP figure published on 15th February show positive growth?NO‌

How high will the UK's CPI inflation figure published on 14th February be?‌

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To no-one’s surprise, the Bank of England have held rates at 5.25%.

Unlike last month, no members of the committee voted for a rise (2 voted for a rise last time). Like last month, one member voted for a cut to 5%.

But this 8-1 result seems like it might be exaggerating how emphatic the decision to hold rates was as there is a lot of chatter about the BoE being very close to a rate cut. Will it come next time?

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