The Bank of England delivered their decision on Thursday - no change to rates in a decision that wasn't even close, 7-2.
Read from the bottom up for the chronology:
- Bailey: It is not our responsibility to steer markets on interest rates
- The bond market is having a big re-think on the path of rates today
- BOE's Bailey: It was a very close call today
- BOE fails to walk the talk
- BOE leaves bank rate unchanged at 0.10% in November monetary policy meeting
Going into the meeting analysts were basically perfectly split 50-50 (not quite, read the post for the nitty-gritty)
I'm scrolling through analysts notes and seeing the forecast for the December (16th) meeting - its 'live'. That is, there could be a hike! LOL. Take a moment and breathe folks. Its too early to total up who is tipping a hike and who is not, so I won't.
Oh, as a ps, this:
Huh. OK. Its going to be tough for the analysts now, comments from Bailey are henceforth of no value to the path ahead? I dunno.
