BOE Decision Not a Game Changer For Sterling -- Market Talk
BOE Rate Setters Weigh Up Loosening Labor Market, Energy Prices -- Market Talk
The Bank of England remains inactive but internal rifts have emerged, with three members voting for a rate cut, indicating that action may be taken in August.
① The Bank of England keeps the key interest rate unchanged at 4.25%, with 6 members of the monetary policy committee supporting maintaining the rate, while 3 members support a 25 basis point rate cut; ② The Bank of England acknowledges that both the economy and the labor market are weakening, with a slowdown in wage growth and inflation presenting dual risks, and will closely monitor the economic and geopolitical environment.
Sterling's Reaction to BOE Decision Makes Sense -- Market Talk
Sterling Turns Higher After Initial Falls on BOE Decision -- Market Talk
The United Kingdom's central bank's interest rate decision ended in a 6:3 split! After maintaining the benchmark interest rate at 4.25%, the policy balance tilts towards the dovish side.
The Bank of England kept the interest rate unchanged at 4.25% with a more divided voting result than expected, with six members of the nine-member Monetary Policy Committee voting to maintain the rate.
