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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 11 May 2023 11:00

Previous
4.25%
Forecast
4.5%
Actual
4.5%

Next event - Thursday 22 June 2023 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 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%
Thursday 5 August 2021 11:00
0.1%
0.1%
Thursday 24 June 2021 11:00
0.1%
0.1%
Thursday 6 May 2021 11:00
0.1%
0.1%
Thursday 18 March 2021 12:00
0.1%
0.1%
Thursday 4 February 2021 12:00
0.1%
0.1%
Thursday 17 December 2020 12:00
0.1%
0.1%
Thursday 5 November 2020 07:00
0.1%
0.1%
Thursday 17 September 2020 11:00
0.1%
0.1%
Thursday 6 August 2020 06:00
0.1%
0.1%
Thursday 18 June 2020 11:00
0.1%
0.1%

Economic context

Recent economic data has been broadly neutral 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 Manufacturing PMIBullish change46.947.1
Retail Sales (MoM)Bullish change-1.2%0.5%
Retail Sales (YoY)Bullish change-3.9%-3%
Retail Sales ex-Fuel (MoM)Bullish change-1.4%0.8%
Retail Sales ex-Fuel (YoY)Bullish change-4%-2.6%
Consumer Price Index (MoM)Bullish change0.8%1.2%
Consumer Price Index (YoY)Bearish change10.1%8.7%
Core Consumer Price Index (YoY)Bullish change6.2%6.8%
PPI Core Output (MoM) n.s.aBearish change0.3%0%
PPI Core Output (YoY) n.s.a Bearish change8.3%6%
Retail Price Index (MoM)Bullish change0.7%1.5%
Retail Price Index (YoY)Bearish change13.5%11.4%
S&P Global/CIPS Composite PMIBearish change54.953.9
S&P Global/CIPS Manufacturing PMIBearish change47.846.9
S&P Global/CIPS Services PMIBearish change55.955.1

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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