The Bank of England will almost certainly cut interest rates for the second time in this cycle, from 5.00% to 4.75%, at the meeting on Thursday 7th November. But it is unlikely to hint that it intends to quicken the pace by cutting rates again at the following meeting in December. We think there are valid reasons for the Bank to move slower than the ECB and the Fed, including the policies in the Uk Budget. That said, we still think rates will fall below the 4.00% priced into the market.
We’ll be discussing the outlook for Bank of England policy in a 20-minute online briefing at 3pm GMT on Thursday 7th November. (Register here.)
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services