BoE MPC Vote Rate Cut

Interest rates are set by the Bank’s Monetary Policy Committee. The MPC sets an interest rate it judges will enable the inflation target to be met. The Bank's Monetary Policy Committee (MPC) is made up of nine members – the Governor, the two Deputy Governors, the Bank's Chief Economist, the Executive Director for Markets and four external members appointed directly by the Chancellor. The appointment of external members is designed to ensure that the MPC benefits from thinking and expertise in addition to that gained inside the Bank of England.

Most recent - Thursday 9 May 2024 11:00

Previous
1
Forecast
1
Actual
2

Lower numbers than forecast tend to be bullish for xxx/GBP pairs and bearish for GBP/xxx pairs.

Next event - Thursday 20 June 2024 11:00

Previous
-
Forecast
-
Actual
-

The typical/expected impact on GBP pairs is high.

There is no forecast value for BoE MPC Vote Rate Cut yet - check back for updates.

Trading range

Forecast history

The most recent announced value for BoE MPC Vote Rate Cut was 2 against a forecast of 1.

Past events

Date
Forecast
Actual
Thursday 9 May 2024 11:00
1
2
Thursday 21 March 2024 12:00
1
1
Thursday 1 February 2024 12:00
0
1
Thursday 14 December 2023 12:00
0
0
Thursday 2 November 2023 12:00
0
0
Thursday 21 September 2023 11:00
0
0
Thursday 3 August 2023 11:00
0
0
Thursday 22 June 2023 11:00
0
0
Thursday 11 May 2023 11:00
0
0
Thursday 23 March 2023 12:00
0
0
Thursday 2 February 2023 12:00
0
0
Thursday 15 December 2022 12:00
0
0
Thursday 3 November 2022 12:00
0
0
Thursday 22 September 2022 11:00
0
0
Thursday 4 August 2022 11:00
0
0
Thursday 16 June 2022 11:00
0
0
Thursday 5 May 2022 11:00
0
0
Thursday 17 March 2022 12:00
0
0
Thursday 3 February 2022 12:00
0
0
Thursday 16 December 2021 12:00
0
0
Thursday 4 November 2021 12:00
0
0
Thursday 23 September 2021 11:00
0
0
Thursday 5 August 2021 11:00
0
0
Thursday 24 June 2021 11:00
0
0

Economic context

Recent economic data has been moderately bearish for GBP. Other recent announcements which may affect the market's interpretation of the next BoE MPC Vote Rate Cut result:

PreviousLatest
Consumer Price Index (MoM)Bearish change0.6%0.3%
Consumer Price Index (YoY)Bearish change3.2%2.3%
Core Consumer Price Index (YoY)Bearish change4.2%3.9%
PPI Core Output (MoM) n.s.aBearish change0.3%0%
PPI Core Output (YoY) n.s.a (no change)0.2%0.2%
Producer Price Index - Output (MoM) n.s.a(no change)0.2%0.2%
Producer Price Index - Output (YoY) n.s.aBullish change0.7%1.1%
Retail Price Index (MoM)(no change)0.5%0.5%
Retail Price Index (YoY)Bearish change4.3%3.3%
Average Earnings Excluding Bonus (3Mo/Yr)(no change)6%6%
Average Earnings Including Bonus (3Mo/Yr)(no change)5.7%5.7%
Claimant Count ChangeBearish change-2.4K8.9K
Claimant Count Rate(no change)4.1%4.1%
Employment ChangeBearish change-156K-177K
ILO Unemployment Rate (3M)Bearish change4.2%4.3%
Gross Domestic Product (MoM)Bullish change0.2%0.4%
Gross Domestic Product (QoQ)Bullish change-0.3%0.6%
Gross Domestic Product (YoY)Bullish change-0.2%0.2%
Industrial Production (MoM)Bearish change1%0.2%
Manufacturing Production (MoM)Bearish change1.2%0.3%
Manufacturing Production (YoY)Bearish change2.6%2.3%
BoE MPC Vote Rate Hike(no change)00

About BoE MPC Vote Rate Cut

Country:United Kingdom
Currency:GBP
Source:Bank of England
Category:Central Banks
Frequency:Irregular

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