RSS BOE leaves bank rate unchanged at 4.75%, as expected

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 RSS BOE leaves bank rate unchanged at 4.75%, as expected

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  • Prior 4.75%
  • Bank rate vote 6-3 vs 8-1 expected (Dhingra, Ramsden, Taylor voted to cut bank rate by 25 bps)
  • A gradual approach to future interest rate cuts remains right
  • We can't commit to when or by how much we will cut rates in 2025 as economic uncertainty is high
  • Statement details to follow..
This article was written by Justin Low at www.forexlive.com.
 
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