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BoE MPC Vote Rate Cut

Interest rates are set by the Bank’s Monetary Policy Committee. The MPC sets an interest rate it judges will enable the inflation target to be met. The Bank's Monetary Policy Committee (MPC) is made up of nine members – the Governor, the two Deputy Governors, the Bank's Chief Economist, the Executive Director for Markets and four external members appointed directly by the Chancellor. The appointment of external members is designed to ensure that the MPC benefits from thinking and expertise in addition to that gained inside the Bank of England.

Most recent - Thursday 21 March 2024 12:00

Previous
1
Forecast
1
Actual
1

Next event - Thursday 9 May 2024 11:00

Previous
1
Forecast
-
Actual
-

The typical/expected impact on GBP pairs is high.

There is no forecast value for BoE MPC Vote Rate Cut yet - check back for updates.

Trading range

Forecast history

The most recent announced value for BoE MPC Vote Rate Cut was 1 against a forecast of 1.

Past events

Date
Forecast
Actual
Thursday 21 March 2024 12:00
1
1
Thursday 1 February 2024 12:00
0
1
Thursday 14 December 2023 12:00
0
0
Thursday 2 November 2023 12:00
0
0
Thursday 21 September 2023 11:00
0
0
Thursday 3 August 2023 11:00
0
0
Thursday 22 June 2023 11:00
0
0
Thursday 11 May 2023 11:00
0
0
Thursday 23 March 2023 12:00
0
0
Thursday 2 February 2023 12:00
0
0
Thursday 15 December 2022 12:00
0
0
Thursday 3 November 2022 12:00
0
0
Thursday 22 September 2022 11:00
0
0
Thursday 4 August 2022 11:00
0
0
Thursday 16 June 2022 11:00
0
0
Thursday 5 May 2022 11:00
0
0
Thursday 17 March 2022 12:00
0
0
Thursday 3 February 2022 12:00
0
0
Thursday 16 December 2021 12:00
0
0
Thursday 4 November 2021 12:00
0
0
Thursday 23 September 2021 11:00
0
0
Thursday 5 August 2021 11:00
0
0
Thursday 24 June 2021 11:00
0
0
Thursday 6 May 2021 11:00
0
0

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 MPC Vote Rate Cut result:

PreviousLatest
Retail Sales (MoM)Bearish change0.1%0%
Retail Sales (YoY)Bullish change-0.3%0.8%
Retail Sales ex-Fuel (MoM)Bearish change0.3%-0.3%
Retail Sales ex-Fuel (YoY)Bullish change-0.4%0.4%
Consumer Price Index (MoM)(no change)0.6%0.6%
Consumer Price Index (YoY)Bearish change3.4%3.2%
Core Consumer Price Index (YoY)Bearish change4.5%4.2%
PPI Core Output (MoM) n.s.aBullish change0.1%0.3%
PPI Core Output (YoY) n.s.a Bearish change0.2%0.1%
Producer Price Index - Output (MoM) n.s.aBearish change0.3%0.2%
Producer Price Index - Output (YoY) n.s.aBullish change0.4%0.6%
Retail Price Index (MoM)Bearish change0.8%0.5%
Retail Price Index (YoY)Bearish change4.5%4.3%
Average Earnings Excluding Bonus (3Mo/Yr)Bearish change6.1%6%
Average Earnings Including Bonus (3Mo/Yr)(no change)5.6%5.6%
Claimant Count ChangeBearish change4.1K10.9K
Claimant Count Rate(no change)4%4%
Employment ChangeBearish change-89K-156K
ILO Unemployment Rate (3M)Bearish change4%4.2%
Gross Domestic Product (MoM)Bearish change0.3%0.1%
Industrial Production (MoM)Bullish change-0.3%1.1%
Manufacturing Production (MoM)Bullish change-0.2%1.2%
Manufacturing Production (YoY)Bullish change1.5%2.7%
BRC Like-For-Like Retail Sales (YoY)Bullish change1%3.2%

About BoE MPC Vote Rate Cut

Country:United Kingdom
Currency:GBP
Source:Bank of England
Category:Central Banks
Frequency:Irregular

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