The Bank of England kept interest rates unchanged for the sixth time in a row and may welcome a window of interest rate cuts in June

The Zhitong Finance App learned that the Bank of England has taken another critical step on the issue of cutting interest rates. The Bank of England voted 7 to 2 at the Monetary Policy Committee (MPC) meeting on Thursday to decide to maintain the benchmark interest rate at 5.25% for the sixth time in a row. Among them, Deputy Governor Dave Ramsden (Dave Ramsden) and Bank of England official Swati Dhingra (Swati Dhingra) voted for immediate interest rate cuts. Bank of England Governor Andrew Bailey (Andrew Bailey) said after the meeting that despite the “encouraging news” of inflation, he expected

Zhitong Finance6minutes ago

The Bank of England keeps interest rates unchanged but takes another step towards cutting interest rates

GLONGHUI, May 9 | After the second policymaker voted to cut interest rates, the Bank of England is one step closer to cutting the benchmark interest rate from a 16-year high. Governor Bailey said he was “optimistic that things are moving in the right direction.” Vice Governor Ramsden joined Dingela and called for an immediate reduction in the benchmark interest rate from the current 5.25%. Seven other members of the Monetary Policy Committee supported keeping interest rates unchanged, saying they needed more evidence that inflation would be curbed. This is the sixth time in a row that the Bank of England has held the benchmark interest rate firmly in what it says is a restricted area at a meeting. Simultaneously with policy decisions

Gelonghui Finance19:22

Analyst: The Bank of England's inflation forecast sends a clear signal that it is necessary to start easing policies

Glonghui, May 9 | Analyst David Goodman pointed out that the Bank of England's latest inflation forecast is very interesting. The market expects the Bank of England to cut interest rates by 25 basis points twice this year and slowly drop to 3.75% in mid-2027. Under such market expectations, the Bank of England predicts that inflation will fall below the target level after two years, and inflation will even fall further below the target after three years. This is “a clear sign that officials feel it is necessary to ease monetary policy and will act in June or August.”

Gelonghui Finance19:20

The Bank of England expects inflation to be 1.9% in the second quarter of 2026 and 1.6% in the second quarter of 2027.

The Bank of England expects inflation to be 1.9% in the second quarter of 2026 and 1.6% in the second quarter of 2027.

Zhitong Finance19:05

The Bank of England kept the benchmark interest rate unchanged at 5.25% in line with market expectations

Glonghui, May 9 | The Bank of England, the central bank of England, announced on the 9th that it will continue to keep the benchmark interest rate unchanged at the current level of 5.25%, in line with market expectations. In August 2023, the Bank of England raised the benchmark interest rate from 5% to 5.25%, the 14th consecutive rate hike since December 2021. Since then, the Bank of England has kept the benchmark interest rate at this level.

Gelonghui Finance19:02

Institutions: The Bank of England's further vote for interest rate cuts may weigh on the British pound

Greenway, May 9 | Tickmill Group analyst James Harte said in a report that the Bank of England is expected to keep interest rates unchanged at 5.25%, but if the voting results show that more policymakers want to cut interest rates, this may cause the pound to fall. At the most recent meeting, one of the nine members of the committee was in favor of cutting interest rates. “Ahead of the meeting, we saw some selling pressure on the pound, which showed traders were wary of downside risks,” Harte said. “Traders will pay close attention to the central bank's forward guidance and investments

Gelonghui Finance18:57