Bank Maintains 5.25% Base Rate with a Focus on Inflation Risks: August Cut Implications
Thursday, 20 June 2024, 21:02
Bank Holds Base Rate
Rates were left at 5.25% for the time being, with a focus on inflation risks.
August Cut Consideration
The Bank plans to assess if 'risks from inflation persistence are receding,' hinting at a potential rate cut next month.
Traders anticipate a shift in market dynamics with potential implications for the pound and bond yields.
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