How will markets react to the next Bank of England rate decision?

The Bank of England is due to announce its latest interest rate decision on Thursday, 2nd November, but how will markets react?

Bank of England
(Image credit: Getty Images)

Over the past 18 months, the Bank of England (BoE) has hiked interest rates from 0.1% to 5.25%, but after driving one of the most aggressive rate cycles in history, the central bank hit pause at its last meeting. 

The Monetary Policy Committee (MPC), responsible for setting interest rates, held the key rate at 5.25% when it last met in September. The next rate-setting meeting is Thursday, 2 November 2023. 

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