The Bank of England meets on 19th September 2024 to set interest rates.
This is a key meeting and will have a lot of eyes on it. The rate was lowered from a high of 5.25% in August and the expectation is that the rate will fall further in 2024 and 2025. This is also politically important with the new Labour government hoping for some good economic news!
Will the rate fall further in September? Or will the bank feel that one cut is eno enough for now? Will there be some unexpected news which means that a raise in rates is suddenly on the cards?
Here are some markets on other UK economic stats:
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1,000
3.00The media were speaking as though the decision was in the balance, but this market was pretty confident that rates would be held at 5%.
And we were right! This market resolves to a hold.
Will the expected cuts come in the next meeting on 7th November?
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