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Jun 20, 2024 · The FTSE 100 jumped as other investors are starting to factor in cuts this year based on the information today. The move higher also coincides with the release of May inflation data earlier...
Key information from today. At the meeting today the vote was split 7-2, which means that a couple of members voted for a cut, but not enough for a majority. However, the accompanying...
Dates for Monetary Policy Committee (MPC) announcements on Bank Rate and publication of MPC meeting minutes and the quarterly Monetary Policy Report. 2024 confirmed dates. 2025 provisional dates. This page was last updated 17 January 2024.
- The International Economy
- Monetary and Financial Conditions
- Demand and Output
- Supply, Costs and Prices
- The Immediate Policy Decision
- Operational Considerations
4: UK-weighted global GDP growth appeared to be slowing in 2022 Q3, with data coming in a touch below the already weak expectations at the time of the August Monetary Policy Report. Wholesale gas prices had been highly volatile since the MPC’s previous meeting, adding to uncertainty around projected inflation dynamics and the degree to which the re...
10: Since the MPC’s previous meeting, there had been large and volatile movements in financial markets globally, and particularly in the United Kingdom. Market participants expected that central banks in major advanced economies would continue to react strongly to near-term inflationary pressures. Yields had also moved materially higher at longer h...
18: According to the ONS’s first quarterly estimate, UK GDP had fallen by 0.1% in 2022 Q2, slightly above the expectations of a 0.2% fall incorporated into the August Monetary Policy Report projection. The upside news had reflected a smaller-than-expected impact from the additional bank holiday for the Platinum Jubilee in June, with the staff asses...
22: Twelve-month CPI inflation had fallen slightly to 9.9% in August, in line with expectations at the time of the August Monetary Policy Report. This outturn had triggered the exchange of letters between the Governor and the Chancellor of the Exchequer that was published alongside these minutes. Core CPI inflation, excluding food, beverages and to...
31: The MPC sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. 32: The most material economic news since the MPC’s previous meeting had been on fiscal policy, with the announcement of the Government’s response to the energy price shock and the scheduling of an additional Growth Plan annou...
50: On 21 September 2022, the total stock of assets held in the Asset Purchase Facility (APF) was £857 billion, comprising £838 billion of UK government bond purchases and £18.9 billion of sterling non-financial investment-grade corporate bond purchases. 51: In light of the revised timing of this MPC meeting, the Bank had announced on 9 September t...
Aug 1, 2024 · London stocks jumped this afternoon and the pound hit a one month low after the Bank of England moved to scale back interest rates from a 16-year high at its latest monetary policy meeting.
Aug 1, 2024 · London stocks jumped this afternoon and the pound hit a one month low after the Bank of England moved to scale back interest rates from a 16-year high at its latest monetary policy meeting....
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Dec 15, 2023 · The FTSE 100 is set to open higher after US shares surged after last night's Fed decision. The FTSE closed at 7,648.98 today, up 100 points. The Bank of England's Monetary Policy Committee...
