Bank Maintains 5.25% Base Rate with a Focus on Inflation Risks: August Cut Implications

Thursday, 20 June 2024, 21:02

The Bank decides to keep the base rate unchanged for now, but hints at a potential cut in August to address inflation risks. Traders are bracing for the impact on the pound and bond yields, anticipating a shift in monetary policy that could influence market dynamics.
Daily Mail
Bank Maintains 5.25% Base Rate with a Focus on Inflation Risks: August Cut Implications

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.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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