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- 14:00 GMT+3 Bank Of England interest rate decision, what to expect
14:00 GMT+3 Bank Of England interest rate decision, what to expect
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Loading...Bank Of England is likely to raise another key interest rate. The probability of raising interest rates is more than 90%, suggesting that the base interest rate is likely to rise by another 25 basis points to 0.75%. Investors will follow closely the Dot Plot of the bank from where they will draw information on current moods among bank members. To this day, they remain relatively positive. 4 will surely vote for promotion, while only 2 remain opposed to raising interest now, suggesting that a change in their thinking is very likely. As for those who are neutral in terms of interest, they have positive attitudes. I expect strong movements in the pounds in it support, but with limited effect, as much of the expectations are already accrued in price.
The moods at Bank Of England before the interest rate decision next week
Chart: Used with permission of Bloomberg Finance L.P.
Trader Petar Milanov Read more:
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