Investors Lower Expectations of BOE Rate Rise in September
Dow Jones
Jul 30
1508 GMT - Markets cut back expectations of the Bank of England raising interest rates in September following the Bank of England's rate decision. The BOE's rate-setting committee voted to keep interest rates on hold at 3.75% as widely expected, with six members in favor while three members voted for an interest-rate increase. The BOE said that there is little evidence of second-order effects of inflation while there are clear signs of a slowdown in underlying inflation based on recent data releases. Investors price in a 28% chance of a BOE rate rise in September, down from a 50% chance priced in prior to the BOE decision, LSEG data show.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.