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 19 September 2024 11:00

Previous
5%
Forecast
5%
Actual
5%

Trading range

Forecast history

The most recent announced value for BoE Interest Rate Decision was 5% against a forecast of 5%.

Past events

Date
Forecast
Actual
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%
Thursday 3 February 2022 12:00
0.5%
0.5%
Thursday 16 December 2021 12:00
0.1%
0.25%
Thursday 4 November 2021 12:00
0.1%
0.1%
Thursday 23 September 2021 11:00
0.1%
0.1%

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
BoE MPC Vote Rate CutBullish change51
BoE MPC Vote Rate Hike(no change)00
Consumer Price Index (MoM)Bullish change-0.2%0.3%
Consumer Price Index (YoY)(no change)2.2%2.2%
Core Consumer Price Index (YoY)Bullish change3.3%3.6%
PPI Core Output (MoM) n.s.aBullish change0%0.1%
PPI Core Output (YoY) n.s.a Bullish change1%1.3%
Producer Price Index - Output (MoM) n.s.aBearish change0%-0.3%
Producer Price Index - Output (YoY) n.s.aBearish change0.8%0.2%
Retail Price Index (MoM)Bullish change0.1%0.6%
Retail Price Index (YoY)Bearish change3.6%3.5%
Consumer Inflation ExpectationsBearish change2.8%2.7%
Gross Domestic Product (MoM)(no change)0%0%
Industrial Production (MoM)Bearish change0.8%-0.8%
Manufacturing Production (MoM)Bearish change1.1%-1%
Average Earnings Excluding Bonus (3Mo/Yr)Bearish change5.4%5.1%
Average Earnings Including Bonus (3Mo/Yr)Bearish change4.6%4%
Claimant Count ChangeBullish change102.3K23.7K
Claimant Count RateBearish change4.6%4.7%
Employment Change (3M)Bullish change97K265K
ILO Unemployment Rate (3M)Bullish change4.2%4.1%

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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