Bank of England holds Bank Rate at 3.75% in 8-1 vote as Pill dissents for a hike to 4%
The MPC voted 8-1 on 30 April to maintain Bank Rate at 3.75%, with Huw Pill the lone dissenter calling for a 25bps rise to 4%. The Committee cited Middle East energy-price pressure pushing CPI to 3.3% in March, with inflation projected to dip to 3.1% in Q2 before rising back to 3.3% in Q3. The market-implied path now slopes upward, suggesting some increase in Bank Rate this year. For buyers, that pushes the cheap-money window further out; for sellers, expect lender repricing to firm up rather than fall.
What this means for…
Buyers· 3/3
Sellers· 2/3
Wider market· 3/3
Each axis scored 1 (minor) to 3 (major). Total 8/9.
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