when is the next Interest rate review date?

tracyyi

When will the next Bank of England announce the interest rate up or down?

grumbler

https://www.google.com/search?client=firefox-b-d&q=when+is+the+next+Interest+rate+review+date

boingy

The committee meet about every six weeks and they met last week. If you are anticipating them cutting interest rates in Feb I think you will probably be disappointed, despite the inflation headlines today. 

Hoenir

With a higher National Living Wage on the horizon in April 2024. Still some factors to be worked through. 

tracyyi

the inflation headline today said the inflection rate is dropping. so they should cutting the interest rate.

Nebulous2

tracyyi said:

the inflation headline today said the inflection rate is dropping. so they should cutting the interest rate.

It's still more or less twice their target rate, and a lot of the drop is a one-off due to fuel prices, with food inflation still close to 10%. A few of the committee voted for a rise last time. There would need to be much clearer signs high rates are working before a drop is likely.

My own informal temperature check is the amount of people I see that are still spending. With restaurants and leisure facilities still extremely busy, we need to see more signs that people are cutting back to get a drop in rates. 

Hoenir

tracyyi said:

the inflation headline today said the inflection rate is dropping. so they should cutting the interest rate.

Shipping being unable to use the Suez Canal is likely to be inflationary. Knee jerk reactions to head lines is how not to run an economy.