The Monetary Policy Committee of the Bank of England has voted to keep interest rates at 5% in a widely expected decision. Sticky inflation and a rise in the core rate yesterday didn’t buoy hopes for another cut…

Breakdown: 8-1 to leave rates on hold. Last month it was 5-4 to cut.

The Bank dropped interest rates for the first time last month after 14 consecutive hikes, while the Fed cut its rate by a whopping half a point this week. No continuation of that doveish mood this time round. The markets only had it at 10% that a surprise cut was on the way…

The Monetary Policy Committee of the Bank of England has voted to cut rates to 5% in a hotly anticipated decision. The markets had it at 65% that rates would go down…

It was a 7-2 split last time to hold at 5.25%. Now it’s 5-4 to cut. Sitting since August last year, they’ll come down from their highest level since 2008 after 14 consecutive hikes. Starmer’s genie strikes again…

The Monetary Policy Committee of the Bank of England has voted to hold interest rates at 5.25%, as expected. Sitting since August last year, they will remain for yet another month at their highest level since 2008, after 14 consecutive hikes. With CPI inflation at the target level of 2% there is now the clearest case for getting rates down…

The split in the vote is still 7-2, which was up from 8-1 two months ago. Now waiting for August…

Political swings coincide with rate reductions. It’ll be too late for Sunak…

The Monetary Policy Committee of the Bank of England has voted to hold interest rates at 5.25%, as expected. Sitting since August last year, they will remain for another month at their highest level since 2008, after 14 consecutive hikes. With CPI inflation at 3.2% there is serious pressure to finally bring rates down…

Last month saw an increasingly dovish mood with an 8-1 majority voting to leave rates on hold – the one dissenter voting for a cut. This month the split is 7-2. The doves are gaining ground…

The Institute of Economic Affairs’ “Shadow Monetary Policy Committee” is pushing for a 0.5% cut, warning that a slow money supply will impede growth and risk deflation. The data shows that political swings coincide with rate reductions – Sunak will be hoping for movement from the bank soon…

The Monetary Policy Committee of the Bank of England has voted to hold interest rates at 5.25%, as expected. Sitting since September last year, they will remain for yet another month at their highest level since 2008, after 14 consecutive hikes. Pressure is mounting to cut rates with inflation at its lowest level in two years…

Last time there was a three-way split with two votes for an increase. This month an 8-1 majority voted to leave interest rates on hold – the one dissenter voted for a 0.25% cut. An increasingly dovish mood…

Free market economist Julian Jessop makes clear that time is running out to cut rates: “With plenty of evidence that the labour market is cooling, and inflation expectations are dropping, fears of a ‘wage-price spiral’ should fade too. By far the bigger risk is that having been too slow to act when inflation was taking off, the Bank of England will now be even slower to respond on the way down.“ Tories are looking to Andrew Bailey to cut rates and get growth up…

Those who deride Tories for pointing out the failures of the economic establishment, look no further. The National Institute of Economic and Social Research (NIESR) has today published its review of the economy and, surprise suprise, told Hunt not to go for tax cuts in the budget. More interestingly, their economist Ben Caswell has blamed the Bank of England for pushing the UK into recession at the end of last year. The BoE’s refusal to provide “a little bit of forward guidance” on when interest rates might be cut didn’t allow “the market to price in rate cuts much more efficiently“. Unlike the Federal Reserve and European Central Bank, which are less tight-lipped…

This all comes as Bank of England rate-setter Swati Dhingra publicly calls for interest rate cuts to prevent a damaging undershoot on inflation. The Bank is putting itself in the firing line for more economic doldrums…