Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.
    2021
    Best News & Analysis Provider
    FxDailyInfo
    2022
    Best Forex Educational Resources Global
    International Business Magazine

    Bank of England could cut bank rate to 5.00% in Q2 2024 – Reuters Poll

    Source Fxstreet
    January 22, 2024 15:55

    All 70 economists participated in a recently conducted Reuters poll said that they expect the Bank of England (BoE) to hold the policy rate unchanged at 5.25% at the February 1 policy meeting.

    38 of those economists noted that they expect the BoE to lower the policy rate in the second quarter and the median forecast for the bank rate by end-June stood at 5%.

    Market reaction

    This headline failed to trigger a noticeable reaction in Pound Sterling's valuation. At the time of press, GBP/USD was trading modestly higher on the day at 1.2720.

     

    Disclaimer: For information purposes only. Past performance is not indicative of future results.
    placeholder
    Fed Minutes Preview: Markets to scrutinize comments over timing of interest-rate cutsThe Federal Reserve (Fed) will release the minutes of the January policy meeting on Wednesday.
    Source  Fxstreet
    The Federal Reserve (Fed) will release the minutes of the January policy meeting on Wednesday.
    placeholder
    RBNZ Governor Orr: Still more work to do to get inflation to targetReserve Bank of New Zealand (RBNZ) Governor Adrian Orr hit newswires early Friday in the Antipodean session while delivering a speech titled "The Monetary Policy Remit and 2% Inflation" at the New Zealand Economics Forum in Hamilton, NZ.
    Source  Fxstreet
    Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr hit newswires early Friday in the Antipodean session while delivering a speech titled "The Monetary Policy Remit and 2% Inflation" at the New Zealand Economics Forum in Hamilton, NZ.
    placeholder
    ECB's Scicluna: Open to a March rate cut as inflation recedesGovernor of the Central Bank of Malta and European Central Bank (ECB) Governing Council policymaker Edward Scicluna noted on Thursday that he would be open to beginning rate cuts with euro area inflation receding and the European economy on pace for a soft landing scenario.
    Source  Fxstreet
    Governor of the Central Bank of Malta and European Central Bank (ECB) Governing Council policymaker Edward Scicluna noted on Thursday that he would be open to beginning rate cuts with euro area inflation receding and the European economy on pace for a soft landing scenario.
    goTop
    quote