Bank of England stands pat on interest rates
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LONDON, Feb 6 (Reuters) - Investors polled by the Bank of England expect the central bank to steadily cut its main Bank Rate to a low of 3.0% by its March 2027 meeting, down from 3.75% after Thursday's interest rate decision,
The central bank cut rates at its three previous meetings in an effort to support the job market. But with inflation still elevated, the Fed is cautious about additional rate cuts.
Federal Reserve Governor Stephen Miran is calling for aggressive interest rate cuts exceeding one percentage point after dissenting in the latest FOMC meeting.
The January meeting marks the first since Fed Chair Jerome Powell confirmed the Department of Justice subpoenaed the central bank.
Bankrate’s annual Interest Rate Forecast estimates another three cuts worth 0.75 percentage points in 2026. Investors are betting that the Fed will cut interest rates twice in 2026, starting in June, according to CME Group’s FedWatch tool, and Fed policymakers see just one cut this year.
The European Central Bank is leaving interest rates unchanged as the economy in the 21 countries that use the euro chugs past the disruption from U.S. President Donald Trump’s tariffs with modest but