12/10: Can you forecast the next Bank of England Base Rate?

The Bank of England’s Monetary Policy Committee meets the first Thursday in each month, to assess and set the Bank of England Base Rate

Option	Votes	%
Increase of 0.50 percentage points to 6.25%	0	0

Increase of 0.25 percentage points to 6.00%	1	4.3

No change to be made, to remain at 5.75%	17	73.9

Decrease of 0.25 percentage points to 5.50%	5	21.7

Decrease of 0.50 percentage points to 5.25%	0	0

The previous change in Bank Rate was an increase of 0.25 percentage points to 5.75% on 5 July 2007

I think that Mervin King will be put under pressure to recommend a drop of 0.25% to give public confidence in the market.

12/10 13:26:59

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