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22 Jan 2024

Bank of England could cut bank rate to 5.00% in Q2 2024 – Reuters Poll

All 70 economists participated in a recently conducted Reuters poll said that they expect the Bank of England (BoE) to hold the policy rate unchanged at 5.25% at the February 1 policy meeting.

38 of those economists noted that they expect the BoE to lower the policy rate in the second quarter and the median forecast for the bank rate by end-June stood at 5%.

Market reaction

This headline failed to trigger a noticeable reaction in Pound Sterling's valuation. At the time of press, GBP/USD was trading modestly higher on the day at 1.2720.

 

Jan 22, 2024

USD/CAD to enjoy further upside – Rabobank

The Canadian Dollar (CAD) sat in the middle of the pack when it came to performance last year.
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Jan 22, 2024

Bank of Japan Preview: Forecasts from eight major banks, BoJ to maintain the status quo and remain dovish

The Bank of Japan (BoJ) will hold its Monetary Policy Committee (MPC) on Tuesday, January 23 and as we get closer to the Interest Rate Decision, here are the expectations forecast by the economists and researchers of eight major banks.
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