The Bank of England has maintained its key interest rate at 5.25%, a 16-year high, during its latest meeting. Despite holding rates steady, the central bank signaled potential rate cuts in the near future as inflation, currently just above 3%, shows signs of easing. Two of the nine Monetary Policy Committee members voted for an immediate rate cut in a 7-to-2 decision. Governor Andrew Bailey indicated that the bank is optimistic about the economic outlook, noting that inflation is moving towards the 2% target, but more evidence is needed before initiating rate cuts. He also mentioned that a June rate cut is possible. The decision comes amid varying actions by global central banks, with some like the Fed delaying cuts and others, such as Sweden, already reducing rates.
"Is June likely?" Bank of England Governor Andrew Bailey tells @flacqua that "good news" on UK inflation may allow the BOE to cut rates more sharply than expected https://t.co/R86nsPBI4w https://t.co/alBCWNfhix
The Bank of England is keeping interest rates the same, for the sixth month in a row Should they have been cut? Listen to Andy Haldane, ex-chief economist at the Bank of England, on the latest #BBCNewscast…
Bank of England clears path for its first rate cut since 2020 https://t.co/kegiSo1Gwj https://t.co/LDaoHWjTCC
BoE's Pill: Process Of Getting Inflation Down ‘Not Yet Complete’
BOE'S PILL: WE NEED TO KEEP A BIT OF RESTRICTION IN ECONOMY.
BoE's Pill: In the absence of big disturbances to the economy, we will be thinking about cutting rates over the next few meetings. https://t.co/DjwYifpich
BOE'S PILL: THE PROCESS OF GETTING INFLATION DOWN IS NOT YET COMPLETE.
⚠️ BOE'S PILL SAYS IT IS TOO SOON TO CUT RATES BUT CONFIDENCE GROWING Full Story → https://t.co/fBqE7fXz3E Bank of England Chief Economist Huw Pill said on Thursday that members of the central bank's Monetary Policy Committee were more confident that they would soon be able… https://t.co/nny7Jta3y4
"The government is desperate for the Bank of England to cut interest rates." Sky's @EdConwaySky says there is more than a "50% chance" that interest rates are going to be cut by June. https://t.co/PAiZ4D1jU3 📺 Sky 501, Virgin 602, Freeview 233 and YouTube https://t.co/DwTdkW9QJC
BANK OF ENGLAND'S PILL: IN THE ABSENCE OF BIG DISTURBANCES TO THE ECONOMY, WE WILL BE THINKING ABOUT CUTTING RATES OVER THE NEXT FEW MEETINGS
BoE’s Pill: Thinking About Moving Rates Over Next Few Meetings
🔴 BOE'S PILL: IN THE ABSENCE OF BIG DISTURBANCES TO THE ECONOMY, WE WILL BE THINKING ABOUT CUTTING RATES OVER THE NEXT FEW MEETINGS.
The Bank of England sent its clearest signal yet that it was closing in on interest rate cuts. Here's why it hasn't happened yet and what's taking so long https://t.co/ClqxLKOzRN https://t.co/KCnVUmzGzk
The Bank of England has edged closer to a cut in interest rates, with another member of its nine-person Monetary Policy Committee voting for lower borrowing costs this month. Read more 🔗 https://t.co/K2CCOs1oK4
Governor of the Bank of England Andrew Bailey told ITV News' Business and Economics Editor @ITVJoel he was optimistic about the current picture, but can't guarantee when - or how quickly - interest rates can come down https://t.co/LGJ2j7weeI
Governor of the Bank of England Andrew Bailey told ITV News' Business and Economics Editor @ITVJoel he was optimistic about the current picture, but can't guarantee when - or how quickly - interest rates can come down. https://t.co/jcsFhOHa0M
Governor of the Bank of England Andrew Bailey told @ITVJoel he was optimistic about the current picture, but can't guarantee when - or how quickly - interest rates can come down. https://t.co/KpmXifE4i3
BoE’s Pill: Seeing Some Signs UK Economic Activity Is Recovering - `Encouraging Signs' On Inflation And Growth - Don't Yet Have Confidence Inflation Is Subdued; We Are More Confident We Can Start To Reduce Policy Restriction, But Not There Yet
BOE'S PILL: WE ARE MORE CONFIDENT WE CAN START TO REDUCE POLICY RESTRICTION, BUT WE'RE NOT THERE YET.
BOE'S PILL: I DON'T YET HAVE CONFIDENCE INFLATION IS SUBDUED.
"A change in Bank rates in June is neither ruled out nor a fait accompli." The Bank of England has held the base interest rate at 5.25%, but there are strong hints a base rate cut is coming. Read more: https://t.co/6vfyqDVg0w https://t.co/uftJaAaTWU
The Bank of England has made a big step towards its first interest rate cut in more than four years, reviving the prospect of monetary policy loosening as early as next month | ✍️ @@MehreenKhn ⬇️ https://t.co/GBAKsqfXQQ
The BOE edges closer toward a rate cut https://t.co/o5SXrb5hvS
BOE GOV. BAILEY: THE OUTLOOK FOR A RATE CUT IN THE UK DEPENDS ON THE DATA.
BOE GOV. BAILEY: WE CAN HAVE LESS RESTRICTIVE RATES IF DATA TRACKS THE OUTLOOK.
BOE GOV. BAILEY: QT CAN CONTINUE EVEN DURING RATE CUTTING CYCLE.
🔴 Bailey: Bank of England will not be pressured into cuts Read for the latest ⤵️ https://t.co/w8NI2bffMD
The Bank of England is ever-so-slowly crawling towards its first interest rate cut of 2024. But we're not there yet https://t.co/dVRVSU1Qk1
🔴 The Bank of England will cut interest rates to 3pc next year, economists predict, as inflation falls further than expected. Follow for live updates ⬇️ https://t.co/9pWQ0tWah0 https://t.co/2WwCIUq8Kl
Bank of England paves the way for rate cuts https://t.co/SZlE3Em2y7 via @John_Stepek https://t.co/P0C2o05640
The Bank of England is ever-so-slowly crawling towards its first interest rate cut of 2024. But we're not there yet. https://t.co/IqxVJRYcQF
Bank of England Governor Andrew Bailey said the central bank will keep interest rates at 5.25%, but said inflation data are “encouraging" https://t.co/zkLI6C990p https://t.co/pREJac4uQE
The Bank of England moved closer to cutting interest rates from a 16-year high, after a second policymaker voted for lower borrowing costs @lizzzburden explains why it's a "dovish hold" https://t.co/PaS9Zf4GPD https://t.co/zAc4iaTNQI
"We are not yet at a point where we can cut bank rate" Bank of England Governor Andrew Bailey says UK inflation is moving in the right direction, but it's too soon to cut interest rates https://t.co/mV7YiHZlMe https://t.co/BNhUMsti0C
Bank of England expected to wait for more evidence that inflation is under control before rate cut https://t.co/6CeiVm8NEC
Soon, but not yet. That's the BOE's message on rate cuts today. Markets now see a June cut as a coin toss and economists are growing more confident we won't have to wait until August. Snap analysis via @BloombergTV: https://t.co/IdYjGcU8Dc
BOE'S RAMSDEN: THE MPC HASN'T CHANGED RATES TODAY BUT WE THINK THE RISKS FROM PERSISTENCE ARE RECEDING.
UK BOE DEP. GOV. BROADBENT: WE EXPECT QT TO TRUNDLE ON AS BANK RATE SETS BROADER MONETARY CONDITIONS.
The Bank of England on Thursday kept its main interest rate at a 16-year high, but hinted at a cut over the summer as UK inflation cools further and the country looks set to exit recession. ➡️ https://t.co/Gm5Qlp7ccj by @benperry28 for AFP https://t.co/q9Tpw2291T
BOE GOV. BAILEY: POLITICS ARE NOT A CONSIDERATION FOR THE TIMING OF THE NEXT RATE MOVE.
ITV News' Business and Economics Editor @ITVJoel gives his analysis on the Bank of England's decision to hold interest rates https://t.co/uzLm9oXJbG
BOE GOV. BAILEY: THE PAST YEAR OR SO'S MONEY SUPPLY DATA HAS SHOWN A RETURN TO TREND.
UK BOE DEP. GOV. BROADBENT: MARKET RATE CURVE MAY BE A LITTLE HIGH, BUT IT DOESN'T MEAN IT IS UNREASONABLE.
BOE GOV. BAILEY: ONE SMALL CUT IN THE BANK RATE WOULD STILL LEAVE BOE WITH RESTRICTIVE MONETARY POLICY.
UK BOE DEP. GOV. BROADBENT: WE DON'T HAVE A VERY PRECISE VIEW ON WHERE BOE RATES WILL END UP.
BOE GOV. BAILEY: ONE SMALL CUT IN THE BANK RATE WOULD STILL LEAVE US WITH RESTRICTIVE MONETARY POLICY.
🔴 Andrew Bailey has said interest rates will need to be cut to help the Bank of England keep inflation at its 2pc target Follow for the latest ⤵️ https://t.co/9pWQ0tWah0 https://t.co/jd4W2fSsYq
BOE GOV. BAILEY: THERE ISN'T A LAW THAT SAYS THE FED MUST MOVE BEFORE OTHER CENTRAL BANKS.
UK interest rates held at 5.25% for sixth time https://t.co/0Bi6rWYCpY
🔴 Markets risk underestimating size of rate cuts, Bailey says Andrew Bailey has said interest rates will need to be cut to help the Bank of England keep interest rates at its 2pc target Find live updates here ⬇️ https://t.co/jYiTmUpBkm
BOE GOV. BAILEY: THERE HAS BEEN SOME DECOUPLING RECENTLY BETWEEN UK AND US MARKET RATE EXPECTATIONS.
BOE GOV. BAILEY: UK INFLATION DYNAMICS ARE DIFFERENT TO THE US.
BOE GOV. BAILEY: MARKET MOVES IN INTEREST RATE EXPECTATIONS HAVE BEEN DOMINATED BY US MOVES.
The @bankofengland Monetary Policy Committee voted by a majority of 7–2 to maintain Bank Rate at 5.25%. ➡️ Two members (Dhingra & Ramsden) preferred to reduce Bank Rate by 0.25 percentage points, to 5.0%. ➡️ No one favored a rate hike. https://t.co/1kf7JfO1zj https://t.co/NDKQ12R5q6
🔴 Bailey: June rate cut ‘neither ruled out nor a fait accompli’ Governor Andrew Bailey said the risks to inflation remain from the Middle East Follow for the latest ⤵️ https://t.co/7Zxxi5v6D3
Bank of England Governor Andrew Bailey says "inflation has now fallen to just above 3%" and that he expects it to be "close" to the 2% target "in the coming months". However, he adds: "We are not yet at a point where we can cut bank rates." https://t.co/B306kPRLlj 📺 Sky 501 https://t.co/DBiUB7xcKT
Bank of England governor Andrew Bailey: 'We have no preconceptions about how fast and how far we might cut Bank rate... We will reach a new decision based on the evidence at each meeting'
BOE GOV. BAILEY: EACH MEETING IS A NEW DECISION FOR RATES.
BoE’s Bailey: Likely We Will Need To Cut Bank Rate Over The Coming Quarters - Possible We Will Need To Cut Rates More Than Currently Priced Into Market Rates - Rate Cuts Will Really Depend On How Data Evolve - We Have No Preconceptions About How Far And Fast We Will Cut Rates
BOE GOV. BAILEY: WE HAVE NO PRECONCEPTIONS ABOUT HOW FAR AND FAST WE WILL CUT RATES.
BOE'S BAILEY - LIKELY WE WILL NEED TO CUT BANK RATE OVER THE COMING QUARTERS BOE'S BAILEY - POSSIBLE WE WILL NEED TO CUT RATES MORE THAN CURRENTLY PRICED INTO MARKET RATES
🔴 Bailey: June rate ‘neither ruled out nor a fait accompli’ Governor Andrew Bailey said the risks to inflation remain from the Middle East Read for live updates 👇 https://t.co/9pWQ0tWah0
BOE GOV. BAILEY: WE EXPECT SECOND ROUND EFFECTS ON DOMESTIC WAGES AND PRICES TO FADE SLIGHTLY FASTER THAN PREVIOUSLY PRESUMED.
BOE GOV. BAILEY: MORE DATA WILL HELP ASSESS OUTLOOK ON CPI.
BoE's Bailey: June Bank Rate Cut Is Not Ruled Out Or Planned
BOE GOV. BAILEY: THE ABSENCE OF DATA SURPRISES IS AN INDICATION WE ARE GETTING BACK TO MORE NORMAL ECONOMIC TIMES.
The Bank of England has held interest rates at 5.25% - the same rate since August 2023. But inflation has fallen again and could reach the central bank's target of 2% this year. So will rates soon start to fall? ✍️ @FinanceJames ⬇️ https://t.co/J6e66kW5C7
Bank of England keeps rates unchanged, takes another step toward first cut since 2020 https://t.co/jaJ2LuZ8yS
BOE GOV. BAILEY: THE FIRST QUARTER OF 2024 IS A BIT STRONGER THAN EXPECTED.
* BANK OF ENGLAND'S BAILEY - ENCOURAGING THAT INFLATION WILL BE CLOSE TO TARGET IN COMING MONTHS @reuters #BoE
BoE holds interest rates AGAIN at 16-year high of 5.25%... but are we finally closing in on relief for struggling mortgage payers? https://t.co/xZLFkcwpgT https://t.co/gC2VWYEce5
BOE Keeps Rates Unchanged But Edges Closer To Cutting As Deputy Governor Calls For Easing https://t.co/zuwUUM9a8A
The Bank of England held rates steady but signaled it is likely to cut them in the coming months https://t.co/Es3Cml8aR5 https://t.co/Es3Cml8aR5
"It does look like they are edging closer towards cutting interest rates. The real question is precisely when." Sky's @EdConwaySky has this update, after the Bank of England held the base interest rate at 5.25%. Read more: https://t.co/GmAuTUa1GT 📺 Sky 501 / YouTube https://t.co/qgRPVkLAev
🔺 BREAKING: The Bank of England kept interest rates unchanged for the sixth meeting in a row, but governor Andrew Bailey said that more encouraging news on inflation could steer the central bank toward cutting borrowing costs as soon as June https://t.co/lv7xo1rgtE
BoE edging closer to that first rate cut. Two of the nine policymakers now voting for a reduction, committee signalling that rates need to start falling and inflation threat receding https://t.co/y3MuIUVdXY
BoE held rates steady at 5.25% but two voters dissented, voting to cut to 5% June rate hike is on the table, which would have the BoE join the Swiss and Swedish in bucking following the Fed https://t.co/15KkGM3bId
BOE moves closer to rate cut as Ramsden joins easing camp https://t.co/FAhvTLoy2y via @PhilAldrick https://t.co/ItPwXhqQHd
Bank of England holds interest rates steady, but signals that a cut is coming: CNBC 🇬🇧
The Bank of England moves closer to cutting interest rates as one more official votes for an immediate reduction https://t.co/nphlhG6tPy
BOE REPEATS THAT MPC WILL KEEP UNDER REVIEW FOR HOW LONG BANK RATE SHOULD BE MAINTAINED AT ITS CURRENT LEVEL.
BOE REPEATS THAT POLICY STANCE COULD REMAIN RESTRICTIVE EVEN IF THE BANK RATE WERE CUT.
BOE REPEATS THAT THE MPC HAS JUDGED SINCE AUTUMN 2023 THAT MONETARY POLICY NEEDS TO BE RESTRICTIVE FOR AN EXTENDED PERIOD.
BOE REPEATS THAT MPC WILL ENSURE BANK RATE IS "RESTRICTIVE FOR SUFFICIENTLY LONG TO RETURN INFLATION TO THE 2% TARGET SUSTAINABLY."
*BOE MAINTAINS KEY INTEREST RATE AT 5.25% *SEVEN VOTED TO KEEP RATES ON HOLD, TWO VOTED FOR CUT *BOE GUIDANCE: RISKS FROM INFLATION PERSISTENCE RECEDING *BAILEY: EXPECT CPI TO FALL CLOSE TO TARGET IN NEXT 2 MONTHS *BOE'S BAILEY: ‘OPTIMISTIC THINGS MOVING IN RIGHT DIRECTION’
Bank of England holds rates after a 7-to-2 vote https://t.co/nv6CEsLLew
BoE’s Dhingra And Ramsden Voted To Cut Rates By 25Bps - ‘Optimistic Things Are Moving In Right Direction' - Risks From Inflation Persistence Are Receding - Sees Inflation At 1.9% In Q2 2026, 1.6% In Q2 2027
The Bank of England left interest rates on hold again despite increasing confidence that inflation has fallen back at its target level of 2% https://t.co/TvR9djyFsD
BOE REPEATS THAT MPC WILL ENSURE BANK RATE IS "RESTRICTIVE FOR SUFFICIENTLY LONG TO RETURN INFLATION TO THE 2% TARGET SUSTAINABLY" BOE REPEATS THAT MPC HAS JUDGED SINCE AUTUMN 2023 THAT MONETARY POLICY "NEEDS TO BE RESTRICTIVE FOR AN EXTENDED PERIOD" BOE: REPEATS THAT POLICY…
BoE Maintains Bank Rate at 5.25 % BOE May Minutes: 2 Voted to Lower Rate They will all send the Dollar higher now, dont they
BOE FORECAST SHOWS CPI IN ONE YEAR'S TIME AT 2.6% (FEB FORECAST: 2.8%), BASED ON MARKET INTEREST RATES AND MODAL FORECAST BOE FORECAST SHOWS CPI IN TWO YEARS' TIME AT 1.9% (FEB FORECAST: 2.3%), BASED ON MARKET INTEREST RATES BOE: MARKET RATES IMPLY LESS BOE LOOSENING THAN IN…
BOE SAYS MPC WILL CONSIDER UPCOMING DATA AND IF THESE SHOW A RECEDING RISK OF INFLATION PERSISTENCE BOE: "RANGE OF VIEWS" AMONG MPC MEMBERS VOTING TO HOLD RATES ABOUT HOW MUCH MORE EVIDENCE NEEDED TO CUT RATES BOE SEES CPI RETURNING TO 2% TARGET IN Q2 2024 (FEB: Q2 2024), BASED…
BOE'S BAILEY: "OPTIMISTIC THAT THINGS ARE MOVING IN THE RIGHT DIRECTION" FOR A RATE CUT BOE'S BAILEY: "OPTIMISTIC THAT THINGS ARE MOVING IN THE RIGHT DIRECTION" FOR A RATE CUT BOE SAYS MPC WILL CONSIDER UPCOMING DATA AND IF THESE SHOW A RECEDING RISK OF INFLATION PERSISTENCE
BOE POLICYMAKERS DHINGRA AND RAMSDEN VOTED TO CUT RATES BY 0.25 PERCENTAGE POINTS BOE'S BAILEY: WE HAVE HAD ENCOURAGING NEWS ON INFLATION, NEED MORE EVIDENCE IT WILL STAY LOW BEFORE CUTTING RATES BOE'S BAILEY: WE HAVE HAD ENCOURAGING NEWS ON INFLATION, NEED MORE EVIDENCE IT…
*BOE'S BAILEY: `OPTIMISTIC THINGS ARE MOVING IN RIGHT DIRECTION'
*BOE SEES INFLATION AT 1.9% IN 2Q 2026, 1.6% IN 2Q 2027 *BOE GUIDANCE: RISKS FROM INFLATION PERSISTENCE ARE RECEDING
🔴 BOE SEES INFLATION AT 1.9% IN 2Q 2026, 1.6% IN 2Q 2027.
🔴 BOE GOV. BAILEY: OPTIMISTIC THINGS ARE MOVING IN THE RIGHT DIRECTION.
Bank of England votes to hold interest rates at 16-year high: ‘Groundhog day for Britons!’ https://t.co/VQfHdgDpG2 #interestrates #BankofEngland #baserate #inflation
It’s a hold but one that leaves door open for an interest rate cut in June. Inflation in 3 years is forecast to be clearly below 2% target, suggesting Bank thinks rates will fall a little faster than markets currently expect. Investor are pricing in 2 cuts before end of year https://t.co/aqD8Z91BQh
NEW - @BankofEngland leaves interest rates unchanged in May but a second MPC member - Dave Ramsden - votes for a cut. - Bank cuts inflation forecast and raises growth projection. - Bank signals the coming weeks’ data will determine how soon they cut rates More on @skynews soon…
The Bank of England is set to give signals on when it might cut interest rates from a 16-year high. Here's what to watch ⬇️ https://t.co/ZLivoS42X2
Bank of England expected to maintain interest rates amid inflation uncertainty https://t.co/O3oAe8UbBn https://t.co/32MWpVFvGy
It’s interest rate decision day…. And also a new economic forecast from the Bank of England…further hold expected, but some clues as to path/ timing and splits in the committee as elsewhere (eg the US) cuts are pushed back… or (eg Sweden) they have already started….
UK interest rates look set to stay at 5.25%. But will the Bank of England open the door to a June cut - or focus more on risks from fast wage growth and services inflation? Find out from 12 pm via @BillReuters, @SubanAbdulla, @BruceReuters and me. https://t.co/YT4SoOejcc
Will the @bankofengland signal an imminent rate cut when it announces monetary policy at midday today? Read the @livesquawk preview to find out what the experts are predicting: https://t.co/ReDV4JviFg https://t.co/wrOesLYemD
Bank of England set to hold rates as Europe's central banks diverge from Fed https://t.co/E677k9cpun
Here’s what I think we should expect from today’s @BankOfEngland policy meeting: No immediate interest rate cut, Openness to initiate a modest interest rate cutting cycle in future MPC meetings, most likely starting on 1st August and possibly on 20th June, Somewhat more…
UK interest rates expected to stay at 16-year high https://t.co/htyO9IRRvi
Bank of England expected to leave interest rates on hold today – business live https://t.co/iXTArFO3Eo
Bank of England weighs when to cut UK interest rates https://t.co/YpEBIsUSSI via @tomelleryrees https://t.co/iZFXJFxDN0
🇬🇧 UK interest rates set to stay at 16-year high of 5.25% https://t.co/11f3jP6Pwr
The Bank of England may offer a hint regarding the timing of any cut to rates https://t.co/CBbvn7ERn2
Bank of England set to hold rate at 16-year high https://t.co/MuSsA6EiUV
Bank of England likely to move closer to first rate cut since 2020 https://t.co/TnNuwMGJvR https://t.co/ka3WehxW0v
The Bank of England is set to give signals on when it might cut interest rates from a 16-year high. Here's what to watch https://t.co/5VABT0dr1m
City Comment: When will the Bank of England cut interest rates? My money's on June https://t.co/2rnloHnMxY
The Bank of England looks set to keep interest rates unchanged for longer as the UK’s policymakers hold out for firmer evidence that inflation is under control ✍️: @annawisey https://t.co/9W49JwxYaq
BOE to Keep Rates Unchanged This Month. It May Still Cut Sooner Than Fed. https://t.co/Z8COze3WQn
Bank of England might just cut interest rates before the Fed — here's why https://t.co/F0MVLMwYcQ
Bank of England urged to cut base rate amid ‘uptick’ in mortgage rates: ‘Uneasy few weeks!’ https://t.co/njhkdmcGRp #mortgage #InterestRates
🇬🇧 Consider cutting interest rates in June, says Times shadow MPC https://t.co/UZMVkrpG4j