BoE’s close rate call: what to watch
Markets had priced in 50% chance of a cut, but several economists say easing looks unlikely
The Bank of England is set to unveil its latest rate decision on January 30, in what represents its first “live” policy debate for many months.
After a slew of dovish-sounding speeches by senior BoE officials earlier this month, including governor Mark Carney, markets had begun pricing in a high chance of a rate cut. CME Group’s BoE Watch tool put the probability at 50% on January 28, though it has since slipped to 45%.
However, several economists are expecting a “dovish hold”, with one or two
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