All MPC Members will Vote on a 50bp Increase on Thursday, According to Goldman Sachs' BOE Preview

The market anticipates a 50 basis point increase in Bank of England (BOE) interest rates this Thursday, and Goldman Sachs analysts concur. At 11:30 GMT, the decision will be made public, and Governor Andrew Bailey will hold a press conference.

August 03, 2022 - 12:19 PM 208 views

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The market anticipates a 50 basis point increase in Bank of England (BOE) interest rates this Thursday, and Goldman Sachs analysts concur. At 11:30 GMT, the decision will be made public, and Governor Andrew Bailey will hold a press conference.

Key Quotes

"A rate increase is generally anticipated at the Bank of England meeting on Thursday."

"We anticipate that all MPC members will support a 50bp increase next Thursday,"

“Tenreyro, a member of the External MPC, may object to a lower raise of 25 bp, nevertheless.”

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