1. Interest rate level: The Bank of England maintained the base rate unchanged at 5.25% for the seventh consecutive time, in line with market expectations. 2. Voting results: 7...
2024-06-20 11:28:57
< Span class = "section-news" > 1. Interest rate level: The Bank of England kept the base rate unchanged at 5.25% for the seventh time in a row, in line with market expectations. < br > < span class = "section-news" > 2. Vote results: 7 people voted to keep interest rates unchanged, and 2 people voted for a rate cut. Deputy Governor Ramsden and Monetary Policy Commissioner Dingella voted for a rate cut. < br > < span class = "section-news" > 3. Interest rate outlook: The statement said that the decision not to cut interest rates was "delicately balanced" to some extent, and the market generally interpreted that policymakers were close to supporting a rate cut. < br > < span class = "section-news" > 4. Inflation outlook: Indicators of inflation persistence continue to moderate, with CPI expected to rise modestly to around 2.5% in the second half of the year. < br > < span class = "section-news" > 5. Economic outlook: Upgrade second-quarter GDP growth forecast to 0.5% from 0.2%. < br > < span class = "section-news" > 6. Market reaction: Traders upped their bets on the Bank of England's rate cut, favoring the first cut in August. After the announcement of the interest rate decision, the UK's five-year bond yield fell to its lowest level since April 10, and the pound fell nearly 30 points against the dollar GBP/USD in the short term.
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