- Analytics
- News and Tools
- Market News
- BoE: There is a premium on patience – Rabobank
BoE: There is a premium on patience – Rabobank
Bank of England (BoE) left the policy unchanged, as expected, at 5%, in a 8-1 split vote, Rabobank’s Senior Macro Strategist Stefan Koopman notes.
Another patient pause due in December
“As expected, unchanged policy from the Bank of England. In a 8-1 split vote, the MPC held the Bank rate at 5.00%. Only external member Dhingra dissented.”
“The majority view is that more cuts are needed, but at a gradual pace in order ‘not to cut interest rates too quickly, or too much’. The MPC believes there is a premium on patience. We think a 25bp cut in November is likely, before another patient pause in December.”
“The MPC also voted on the pace of gilt stock reduction for the 12 months ahead. It continues to proceed at a pace of GBP 100bn a year. That was also not a surprise. We don’t think this needs to be offset by lower policy rates.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
