Lower than expected UK CPI data, Bank of England policy decision today now close to 50/50

Estimated read time 1 min read

UK inflation data came in below the median estimate on Wednesday:

Goldman Sachs had been forecasting a rate hike from the Bank’s Monetary Policy Committee but changed that to now expecting an on-hold decision.

JP Morgan say:

  • “We stick with our call for a hike, but now see this as a coin toss”

The statement from the Bank is due at 0700 US Eastern time:

Source: https://www.forexlive.com/centralbank/lower-than-expected-uk-cpi-data-bank-of-england-policy-decision-today-now-close-to-5050-20230920/

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