BOE Rate Decision: What to Watch for

The transcript discusses the Bank of England's Monetary Policy Committee (MPC) voting on interest rate hikes. Markets predict a 40% chance of a 0.5% hike, but economists expect 0.25%. The decision is influenced by recent inflation data. A future 0.5% hike is anticipated in August, with changes in committee members potentially affecting decisions. The transcript also explores potential voting splits and the future path of interest rates, with markets predicting a peak rate of 6% by December. Concerns about a recession and the Bank's credibility are also highlighted.

What is the market's expectation for the Bank of England's rate hike today?

• 0.25% increase

• 0.5% increase

• 0.75% increase

• No change

Who is expected to replace Sylvana Tenreyro on the MPC?

• Swati Dingra

• Megan Green

• Catherine Mann

• Jonathan Haskell

What is the predicted peak interest rate by December according to the markets?

• 5%

• 5.5%

• 6%

• 6.5%

What economic consequence does Bloomberg Economics associate with a 6% interest rate?

• Stable growth

• Recession

• Economic boom

• Deflation

What is the main concern regarding the Bank of England's credibility?

• Its response to market expectations

• Its communication strategy

• Its monetary policy tools

• Its ability to control inflation