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BoE Interest Rate Decision

BoE Interest Rate Decision is announced by the Bank of England. If the BoE is hawkish about the inflationary outlook of the economy and raises the interest rates it is positive, or bullish, for the GBP. Likewise, if the BoE has a dovish view on the UK economy and keeps the ongoing interest rate, or cuts the interest rate it is seen as negative, or bearish.

Most recent - Thursday 6 February 2025 12:00

Previous
4.75%
Forecast
4.5%
Actual
4.5%

Next event - Thursday 20 March 2025 11:00

Previous
4.5%
Forecast
-
Actual
-

The typical/expected impact on GBP pairs is high.

There is no forecast value for BoE Interest Rate Decision yet - check back for updates.

Trading range

Forecast history

The most recent announced value for BoE Interest Rate Decision was 4.5% against a forecast of 4.5%.

Past events

Date
Forecast
Actual
Thursday 6 February 2025 12:00
4.5%
4.5%
Thursday 19 December 2024 12:00
4.75%
4.75%
Thursday 7 November 2024 12:00
4.75%
4.75%
Thursday 19 September 2024 11:00
5%
5%
Thursday 1 August 2024 11:00
5%
5%
Thursday 20 June 2024 11:00
5.25%
5.25%
Thursday 9 May 2024 11:00
5.25%
5.25%
Thursday 21 March 2024 12:00
5.25%
5.25%
Thursday 1 February 2024 12:00
5.25%
5.25%
Thursday 14 December 2023 12:00
5.25%
5.25%
Thursday 2 November 2023 12:00
5.25%
5.25%
Thursday 21 September 2023 11:00
5.5%
5.25%
Thursday 3 August 2023 11:00
5.25%
5.25%
Thursday 22 June 2023 11:00
4.75%
5%
Thursday 11 May 2023 11:00
4.5%
4.5%
Thursday 23 March 2023 12:00
4.25%
4.25%
Thursday 2 February 2023 12:00
4%
4%
Thursday 15 December 2022 12:00
3.5%
3.5%
Thursday 3 November 2022 12:00
3%
3%
Thursday 22 September 2022 11:00
2.25%
2.25%
Thursday 4 August 2022 11:00
1.75%
1.75%
Thursday 16 June 2022 11:00
1.25%
1.25%
Thursday 5 May 2022 11:00
1%
1%
Thursday 17 March 2022 12:00
0.75%
0.75%

Economic context

Recent economic data has been moderately bullish for GBP. Other recent announcements which may affect the market's interpretation of the next BoE Interest Rate Decision result:

PreviousLatest
S&P Global/CIPS Composite PMIBearish change50.650.5
S&P Global/CIPS Manufacturing PMIBearish change48.346.4
S&P Global/CIPS Services PMIBullish change50.951.1
Retail Sales (MoM)Bullish change-0.6%1.7%
Retail Sales (YoY)Bearish change2.8%1%
Retail Sales ex-Fuel (MoM)Bullish change-0.9%2.1%
Retail Sales ex-Fuel (YoY)Bearish change2.1%1.2%
GfK Consumer ConfidenceBullish change-22-20
Consumer Price Index (MoM)Bearish change0.3%-0.1%
Consumer Price Index (YoY)Bullish change2.5%3%
Core Consumer Price Index (YoY)Bullish change3.2%3.7%
PPI Core Output (MoM) n.s.aBullish change0%0.3%
PPI Core Output (YoY) n.s.a Bearish change1.6%1.5%
Producer Price Index - Output (MoM) n.s.aBullish change-0.2%0.5%
Producer Price Index - Output (YoY) n.s.aBullish change-0.1%0.3%
Retail Price Index (MoM)Bearish change0.3%-0.1%
Retail Price Index (YoY)Bullish change3.5%3.6%
Average Earnings Excluding Bonus (3Mo/Yr)Bullish change5.6%5.9%
Average Earnings Including Bonus (3Mo/Yr)Bullish change5.6%6%
Claimant Count ChangeBearish change-15.1K22K
Claimant Count RateBearish change4.5%4.6%
Employment Change (3M)Bullish change35K107K
ILO Unemployment Rate (3M)(no change)4.4%4.4%
Gross Domestic Product (MoM)Bullish change0.1%0.4%
Gross Domestic Product (QoQ)Bullish change0%0.1%
Gross Domestic Product (YoY)Bullish change1%1.4%
Industrial Production (MoM)Bullish change-0.5%0.5%
Manufacturing Production (MoM)Bullish change-0.3%0.7%
BRC Like-For-Like Retail Sales (YoY)Bearish change3.1%2.5%

About BoE Interest Rate Decision

Country:United Kingdom
Currency:GBP
Source:Bank of England
Category:Interest Rates
Frequency:Weekly/week-based
 
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