Category
🗞
NewsTranscript
00:00The importance of the Bank of England meeting on Thursday is not limited to the decision of the expected benefit on a broad basis,
00:08by setting the standards at 5.25 points,
00:12but in the signals that will be issued to the President and members of the Monetary Policy Committee
00:17regarding any future reductions.
00:20Investors are watching closely the voting process within the members of the Monetary Policy Committee,
00:26where 8 out of 9 members voted to set the benefit standards in the previous meeting,
00:33while only one member voted to lower those standards.
00:39Investors are more confident that the Bank of England is able to lower the benefit standards in the next phase,
00:46but the division is still standing between members of the Monetary Policy Committee about the expected date.
00:52Although some expressed that the time is not yet ripe for such a step.
01:00Expectations now do not affect the return of optimism about the levels of inflation in the United States
01:06on the directions of the Bank of England,
01:09where investors suggest that the bank indicates an increase in confidence that inflation in the United Kingdom,
01:15which recorded 23% in March, is moving in the right direction
01:21and the markets are looking forward to a complete reduction in the benefit standards in September.
01:28The Economic Cooperation and Development Organization says
01:32that it does not expect that the reduction will begin before the third quarter of this year.
01:37Riyad Al Saadi, CNBC, London