It's expected that the Bank of England will keep its benchmark
interest rate steady at 5.25% following its policy meeting on Thursday at 2:00
PM (Kurdish Region time).
Alongside this announcement, the bank will issue the
Monetary Policy Minutes and the Monetary Policy Report, followed by a press
conference led by Governor Andrew Bailey.
Initially expected to lag behind the
Federal Reserve (Fed) and the European Central Bank (ECB) in implementing
easing measures, the Bank of England (BoE) now seems ready to start reducing
interest rates earlier than previously thought due to increasing
disinflationary pressures. Additionally, investors widely predict a reduction
in the Bank of England's interest rates, possibly happening in August or
September.
Dr. Kamaran Qader Yaqub,
Financial consultant at Investment Spot company.
