Where will base rate go in May?

Hattie627

That's the base rate held steady at 4.50% due to global financial turmoil, actual or expected.

Are there any considered views what will happen at the next MPC meeting on 8th May?

I don't see Trump doing a U-turn on tariffs. But maybe he will be forced to.

Thoughts (without being political)?

Albermarle

Its not worth thinking about too much, as predicting the future is rather difficult.
If there is a consensus, it is that there will be two further interest rate cuts this year, but that could also be wrong.

DRS1

What was that song?  Down Down Deeper and Down

meggiemike

DRS1 said:

What was that song?  Down Down Deeper and Down

Yes, by the Status Quo ! 😀

eskbanker

DRS1 said:

What was that song?  Down Down Deeper and Down

Its writers being appropriately named for today's lack of rate movement....

Hoenir

Life is too unpredictable to worry about what might happen two months away. Trump & Co haven't even got going yet. 

Kim_13

I think it is too early to say until we get the figures coming in for growth and employment in the new tax year. 

I was not expecting February’s cut given that inflation was still above target, but expected one today given growth was negative. When those two factors are pulling in opposite directions, it’s very hard to predict.

mebu60

DRS1 said:

What was that song?  Down Down Deeper and Down

I want all the world to see

To see you're laughing, and you're laughing at me

I have all the ways you see

To keep you guessing, stop your messing with me

Could've been written for the BoE! 

subjecttocontract

Ukraine, Russia, Gaza, US Tariffs, World turmoil etc......the only way is up......can't say more without being political.

slinger2

With the uk economic growth looking so lacklustre, I'm thinking there's a pretty high chance of a rate cut.

ranciduk

One expert today expects just one more cut this year

probably in August