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Lower than expected UK CPI data, Bank of England policy decision today now close to 50/50

UK inflation data came in below the median estimate on Wednesday:UK August CPI +6.7% vs +7.0% y/y expectedA one and done case for the BOE now?BOE rate hike odds for this week now a near coin flipBOE likely to keep bank rate unchanged tomorrow - Goldman SachsGoldman Sachs had been forecasting a rate hike from the Bank's Monetary Policy Committee but changed that to now expecting an on-hold decision. JP Morgan say: "We stick with our call for a hike, but now see this as a coin toss"The statem... Read More

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Lower

Than

Expected

Data

Bank

England

Policy

Decision

Today

Forex

Posted: Sep 20 2023, 23:33

Author Name: forexlive

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