What To Expect From BoE Today?

London: 14 December 2023 (TraderMade): The Bank of England (BoE) is set to tap its toes for a third consecutive meeting, keeping interest rates at a 15-year high of 5.25% today. While the immediate rhythm remains steady, a melody of policy easing hums in the background.

BoE Holds Steady, Dove Eyes Future: Rates Untouched, Cuts May Tango Soon.

Six policymakers favor the hold, battling inflation while the economy dips. October's GDP shrank and wage growth cooled faster than expected. Investors waltz towards cuts, eyeing May as the first step.

Market participants anticipate a graceful rate dip to 4.0% by next December, with May eyed for the first step, fueled by the economy's recent somber tune.

BoE holds its hawkish tango, but dovish whispers fill the air. When will they waltz? The UK's economic floor awaits a fascinating shift.