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Bank of England Preview: Vigilance
We now expect the Bank of England MPC to vote to keep rates on hold at 3.75% at next week’s meeting. Money markets are pricing a small probability of a 25bp rate increase. At the IMF Spring Meetings, Governor Bailey stressed that the energy shock makes policy decisions “very difficult” and that the Bank is “not going to rush to judgements”. It suggests the Governor bides his time as long as energy and rates markets stay relatively calm. Figure 1 indeed shows that rate expectations are fully driven by energy prices. This indicates that, as of now, the UK’s money market rate forecasts are essentially just ... (full story)
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From think.ing.com | Apr 24, 2026
The Bank of England is poised to keep rates on hold at its April meeting. But will it push back against market expectations of two rate hikes by year-end? The Bank was evidently caught off guard by the reaction to its March decision, which saw even the most dovish officials appear open-minded about hiking rates. Governor Andrew Bailey told Reuters in the ...
IRAN'S FM TO CONVEY IRAN'S CONSIDERATIONS IN ENDING WAR: TASNIM *TRUMP SENDING WITKOFF, KUSHNER TO PAKISTAN FOR IRAN TALKS: CNN ARAGHCHI SET TO TRAVEL AS HEAD OF DIPLOMATIC DELEGATION: TASNIM VP Vance is not currently planning to attend given Ghalibaf, who is viewed internally by White House officials as the head of the Iran delegation and Vance's counterpart, is not participating either - CNN
I just cancelled the trip of my representatives going to Islamabad, Pakistan, to meet with the Iranians. Too much time wasted on traveling, too much work! Besides which, there is tremendous infighting and confusion within their “leadership.” Nobody knows who is in charge, including them. Also, we have all the cards, they have none! If they want to talk, all they have to do is call!!! President DONALD J. TRUMP
