Eyes on BOE Meeting Amid Wage Growth Concerns

The Bank of England will announce its latest policy decision on Thursday, as experts debate how stagnant wage growth could impact the timing of its first rate hike.

Economists and strategists forecast the central bank will not raise the benchmark interest rate until February or March next year, despite hints from Governor Mark Carney that a hike is “nearing”.

It has held the main rate at a historic low of 0.5 percent since March 2009, so the prospective hike could have a big impact on financial markets—which economists like BNP Paribas’s Dominic Bryant say are yet to price in a rise.


Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.