Are we expecting the BOE Base Rate to drop to 4% on 7th August?

BikingBud

IAMIAM said:

Lets hope it drops in August!!!

Let's hope it doesn't.

RelievedSheff

BikingBud said:

IAMIAM said:

Lets hope it drops in August!!!

Let's hope it doesn't.

It won't!!!

Strummer22

RelievedSheff said:

BikingBud said:

IAMIAM said:

Lets hope it drops in August!!!

Let's hope it doesn't.

It won't!!!

It probably will. Three out of nine members voted to reduce at the last meeting. 

Ongoing inflationary pressures will have an effect, but the headline rate can effectively be ignored with well over 1% of the headline figure being due to April's rise. That's 'baked in', as it were, quashing any chance that the annual rate will drop anywhere close to 2% until May 2026 at the earliest.