The Bank of England meets on 22nd June to set interest rates.
The market will resolve YES if they raise the rate by any amount from the current level of 4.5%
The market will resolve NO if they maintain the rate at 4.5% or lower it
Here are some markets on other UK economic stats:
/SimonGrayson/will-the-uks-cpi-inflation-figure-p-35c52ca095cd
/SimonGrayson/will-the-uks-cpi-inflation-figure-p-ad28900565c7
🏅 Top traders
| # | Name | Total profit |
|---|---|---|
| 1 | Ṁ154 | |
| 2 | Ṁ87 | |
| 3 | Ṁ81 | |
| 4 | Ṁ31 | |
| 5 | Ṁ22 |
@Noit are there any deviating voices?
https://www.reuters.com/markets/rates-bonds/bank-england-press-with-rate-hikes-peak-500-q3-2023-06-14/
https://www.theguardian.com/business/2023/jun/14/uk-has-no-choice-but-to-raise-interest-rates-to-curb-inflation-says-jeremy-hunt
https://www.ft.com/content/a44d8837-f7ce-40e8-9a66-65a17e23641c
https://www.telegraph.co.uk/business/2023/06/14/ftse-100-markets-live-news-economy-ons-gdp-latest/
they all seem to agree
/cloudfront-us-east-2.images.arcpublishing.com/reuters/EW7ZRZOD4FJERGJ77GD7BKUBI4.jpg)
@LeonardoKroger That first article from Reuters says that those economists and banks unanimously think that the peak will be below 5.75% but also says that the market is pricing in a peak of 5.75%. Someone's got to be on the other side of those trades and it's a bit strange to hear that all of the experts think that the market is wrong in the same direction.