BOE's Stance Raises Chance of No More Rate Cuts This Year -- Market Talk

Dow Jones
Aug 08

0847 GMT - The Bank of England might not reduce interest rates again this year given its more hawkish stance when it announced a quarter-point rate cut on Thursday, says Pantheon Macroeconomics' Robert Wood and Elliott Jordan-Doak. A surprisingly large minority of four rate-setters voted to keep rates on hold. The bank's refreshed forecasts that raised inflation expectations matched the cautious feeling of the vote, the economists say in a note. Policymakers added a new sentence to their guidance that upside risks around medium-term inflation pressures have moved slightly higher since May. "It's far from a slam dunk, but we are happy to keep our out-of-consensus call for no more rate cuts this year," they say. (edward.frankl@wsj.com)

 

(END) Dow Jones Newswires

August 08, 2025 04:47 ET (08:47 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10