Will the Bank of England rase the UK's interest rate at their 22nd June meeting?

#Economics #Finance #Business #UK politics #Interest Rates

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resolved Jun 22

Resolved

YES

ALL

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

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predicted YES

https://www.cityam.com/bank-of-england-to-hoist-interest-rates-to-5-75-per-cent-as-experts-warn-uk-inflation-is-out-of-control/

Bank of England to hoist interest rates to 5.75 per cent

The Bank of England will have to hike interest rates to their highest level since July 2007, the eve of the financial crisis.

predicted YES

@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

Bank of England to press on with rate hikes, peak at 5.00% in Q3

The Bank of England is not yet done with rate rises as it battles inflation running at more than four times its target but the economy is still unlikely to fall into recession, a Reuters poll of economists found.

predicted YES

@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.