Barclays: Bank of England expected to keep interest rates unchanged by 8:1 vote

CoinVoice has recently learned that Barclays analysts expect the Bank of England to vote 8 to 1 to maintain interest rates unchanged and reduce its asset purchase facility (APF) assets by 100 billion pounds.

"We see some probability that Ramsden and/or Taylor will vote with Dhingra for a rate cut, so the risk to our 1-8 split is towards 3-6." The tone of the statement is expected to remain cautious, while acknowledging further progress towards a sustainable return to inflation target. Existing guidance around the need to keep policy restrictive is likely to remain unchanged. Rates are expected to be cut by 25 basis points in November and December and in February, May and August next year, to 3.75% by August 2025. [Original link]