Hudson Weir’s Post

A useful perspective on the decision by the Bank of England to keep Base Rate at 5.25% today and when we may expect that first rate cut. I recommend the weekly economic market podcast. #handelsbanken #economicupdate

The Bank of England's Monetary Policy Committee (MPC) meet this Thursday. Despite inflation falling, it is still sitting at 4% and with the MPC on record as saying - "Monetary policy needs to be restrictive for an extended period of time until the risk of inflation becoming embedded above the 2% target dissipates" I think it is highly unlikely we will see a cut in the base rate.   As a reminder at the last meeting on the 31st of January, the MPC voted by a majority of 6–3 to maintain Bank Rate at 5.25%. Two members preferred to increase Bank Rate by 0.25 percentage points, to 5.5%. One member preferred to reduce Bank Rate by 0.25 percentage points, to 5%.   Expect an announcement just after noon on Thursday. #Espc #Property #Interestrates #bankofengland

📢 Big news! The Bank of England has reduced the base rate from 5.25% to 5.00%. This decision reflects a strategic response to current economic conditions, aiming to stimulate growth and manage inflation. This change offers a valuable opportunity for borrowers and savers alike. Curious how this impacts you? Reach out to us on 0333 880 4405, option 5, to discuss how you can benefit from these new rates. #EconomicUpdate #InterestRates #ClientSupport #commercialfinance #bridging #bankofengland

Bank of England meets expectations with 25 basis point rate cut to 4.75%. The Bank of England has met market expectations by cutting interest rates by 25 basis points to 4.75%, citing cooling inflation and a loosening labour market. Check out Valeria Martinez's latest article 👇 https://incm.pub/48VRlHb #investment #wealthmanagement #assetmanagement #finance

🔔 The Bank of England has just announced it is holding interest rates at 5.25%. Two members of the Monetary Policy Committee voted to cut base rate by 0.25%, while the other seven members opted to keep the rate on hold. Watch out for our Fast Comment on what that means for you, coming up. #interestrates #ukeconomy #bankrate

As expected the MPC have voted 7-2 to freeze the Bank of England base rate at 5.25% but the fact that Dave Ramsden (Deputy Governor) voted for a rate cut points that lower interest rates are on the horizon. Learn more here.

The Bank of England Base Rate has been reduced to 4.75% 📉 On November 6th, the Monetary Policy Committee (MPC) voted by a majority of 8–1 to reduce the Bank Rate by 0.25 points. #BankRate #InterestRateUpdate #MPC #EconomicPolicy #InflationTarget #FinancialStability #GrowthAndEmployment #MonetaryPolicy #EconomyUpdate #FinanceNews

In case you missed it: Here is the latest from the Bank of England's May 2024 Monetary Policy Summary, where strategic decisions on the base rate of interest were made. Yesterday, The Bank of England's Monetary Policy Committee decided to maintain the Bank Rate at 5.25%, aiming to balance inflation targets with sustainable growth. While the majority favoured the current rate, two members advocated for a reduction to 5% amidst projections of economic slack and moderate inflation pressures. Siena is designed to support financial institutions with innovative solutions in the ever-evolving landscape of Treasury and Trading. Contact us today about how we could help your bank: https://hubs.la/Q02wP9ZR0 Read the full Bank of England report here: https://hubs.la/Q02wNT350 #BankingNews #Banking #EurobaseSiena #BankofEnglandUpdate #MonetaryPolicy #TreasuryandTrading #BankofEngland

The Monetary Policy Committee (MPC) of the Bank of England has opted to keep interest rates steady at 5.25% for the fifth consecutive time. Despite recent favorable inflation data, the MPC chose not to decrease base rates. In a majority decision of 8–1, the MPC decided to maintain the Bank Rate at 5.25%, with one member advocating for a reduction of 0.25 percentage points to 5%. This rate stands as the highest in nearly 16 years, with many expecting a potential cut later in the year, possibly during the summer. The MPC's decision to hold the rate steady follows its previous stance in February, aiming to rein in inflation, which continues to exceed its 2% target. #FinancialEmpowerment #LifePlanning #FinancialPlanning #MoneyMatters #Gloucestershire #Gloucester

We're bored now. The Bank of England pressed pause on the base rate at 5.25% Eight members of the Bank of England's Monetary Policy Committee voted for no change; one member voted for rates to drop to 5%. 📅 The next base rate review is on the 9th May 2024. #baserate #bankofengland #interestrates #mortgageadvice