Bank Of England To Stay On Hold Well Into 2024
Country Risk / United Kingdom / Thu 14 Dec, 2023
Key View
- The Bank of England (BoE) held Bank Rate steady at 5.25% on December 14, marking the third rate hold in a row. The BoE has clearly entered a holding pattern, which we expect to extend well into 2024.
- We anticipate that the BoE will begin to reduce rates in H2 2024, with 75bps of cuts pencilled in by end-2024.
- In spite of a weak