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 7 November 2024 12:00

Previous
5%
Forecast
4.75%
Actual
4.75%

Next event - Thursday 19 December 2024 12:00

Previous
-
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 4.75% against a forecast of 4.75%.

Past events

Date
Forecast
Actual
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%
Thursday 3 February 2022 12:00
0.5%
0.5%
Thursday 16 December 2021 12:00
0.1%
0.25%

Economic context

Recent economic data has been moderately bearish 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 change51.849.9
S&P Global/CIPS Manufacturing PMIBearish change49.948.6
S&P Global/CIPS Services PMIBearish change5250
Retail Sales (MoM)Bearish change0.1%-0.7%
Retail Sales (YoY)Bearish change3.2%2.4%
Retail Sales ex-Fuel (MoM)Bearish change0.1%-0.9%
Retail Sales ex-Fuel (YoY)Bearish change3.2%2%
GfK Consumer ConfidenceBullish change-21-18
Consumer Price Index (MoM)Bullish change0%0.6%
Consumer Price Index (YoY)Bullish change1.7%2.3%
Core Consumer Price Index (YoY)Bullish change3.2%3.3%
PPI Core Output (MoM) n.s.aBullish change0%0.3%
PPI Core Output (YoY) n.s.a Bullish change1.4%1.7%
Producer Price Index - Output (MoM) n.s.aBullish change-0.4%0%
Producer Price Index - Output (YoY) n.s.aBearish change-0.6%-0.8%
Retail Price Index (MoM)Bullish change-0.3%0.5%
Retail Price Index (YoY)Bullish change2.7%3.4%
Gross Domestic Product (MoM)Bearish change0.2%-0.1%
Gross Domestic Product (QoQ)Bearish change0.5%0.1%
Gross Domestic Product (YoY)Bullish change0.7%1%
Industrial Production (MoM)Bearish change0.5%-0.5%
Manufacturing Production (MoM)Bearish change1.3%-1%
Average Earnings Excluding Bonus (3Mo/Yr)Bearish change4.9%4.8%
Average Earnings Including Bonus (3Mo/Yr)Bullish change3.9%4.3%
Claimant Count ChangeBearish change10.1K26.7K
Claimant Count Rate(no change)4.7%4.7%
Employment Change (3M)Bearish change373K219K
ILO Unemployment Rate (3M)Bearish change4%4.3%

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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