Will UK interest rates rise next week?

RG2015

sevenhills said:

Most are saying it will be .75 but with the USA putting theirs up this week, if they increase theirs by 1.0 then we may do the same.

The US Fed have raised their key interest rate by 0.75%

Must be looking at a minimum BoE rate of 0.50% tomorrow.

https://www.bbc.co.uk/news/business-62973376

Bigwheels1111

4 hours and 13 minutes to find out.
Place your bets now.

2010

Bigwheels1111 said:

4 hours and 13 minutes to find out.
Place your bets now.

My bet is it`ll be whatever Truss told them to do.

DannyCarey

0.5% is my guess.

Frequentlyhere

I note GBPUSD has just shot up by over 0.5% in the last hour, so someone seems to know something or is betting that they do.

So based on that I'd guess 0.75% rise.

edit: Though looking more closely the Euro has also shot up, so this is more a tale of the USD weakening, so probably tells us sod all. Oh well, who'd have guessed FX was hard? ;-)

Sg28

Looks like they've bottled it and gone for 0.5%

t1redmonkey

Not surprised with BOE's track record.  Bring on parity with the dollar...

jimexbox

Breakdown of mpc votes...

O.5 - 5 votes

0.75 - 3 votes

0.25 - 1 vote 

coastline

In the US the FED set the pace yesterday and actually increased its forecast to 4.6%  in 2023. Purple dots on the chart.

FdCXxL7WIAAld0u (900×558) (twimg.com)

Fed hikes by 75bp, guides towards slightly higher rate path - Sharecast.com

UK up to 2.25% with more to come this year and next. Forecast over 4% in 2023.

United Kingdom Interest Rate - 2022 Data - 1971-2021 Historical - 2023 Forecast (tradingeconomics.com)

When will interest rates rise? - Latest predictions (moneytothemasses.com)

Handy to look at some of these bond prices for fixed rates.

United Kingdom 2 Year Note Yield - 2022 Data - 2007-2021 Historical - 2023 Forecast (tradingeconomics.com)