Bank of England keeps rates at 5.25% in 'finely balanced' decision; traders lift bets for August cut
Publishing timestamp: 2024-06-20 13:45:06
Summary
Bank of England decided to keep interest rates steady in June, but hinted at a possible rate cut in August due to a "finely balanced" decision and concerns about inflation. Traders are now speculating on the likelihood of a rate cut, with some analysts suggesting that a cut may be getting closer. Other central banks in Europe have already begun easing monetary policy, while the U.S. Federal Reserve is also being watched for potential rate cuts.
Sentiment: MIXED
Tickers: GBP=,
Keywords: central banking, breaking news: europe, economy, gbp/usd, prices, markets, business news,
Source: https://www.cnbc.com/2024/06/20/bank-of-england-interest-rate-decision-june-2024.html