Barclays: Bank of England expected to keep interest rates unchanged by 8:1 vote
2024-09-19 06:06:49
Odaily News Barclays analysts said that the Bank of England is expected to vote 8 to 1 to maintain interest rates unchanged and reduce the asset purchase facility (APF) assets by 100 billion pounds. "We believe that there is a certain probability that Ramsden and/or Taylor will vote with Dingla to support a rate cut, so our 1-8 voting ratio is expected to have a risk of leaning towards 3-6." The tone of the meeting statement is expected to remain cautious, while acknowledging that inflation has made further progress towards a sustainable return to the target. Existing guidance around the need to maintain restrictive policies is likely to remain unchanged. Interest rates are expected to be cut by 25 basis points in November and December and in February, May and August next year, reaching 3.75% by August 2025. (Jinshi)
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