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fxJun 30, 2026, 1:08 PM

Rabobank Sees No BoE Rate Change in 2024 on Soft CPI, Oil, Labour

Rabobank's Senior FX Strategist Jane Foley expects no change in Bank of England policy in 2024, citing softer UK CPI, lower oil prices, and a slack labor market.

GBPUSD

Rabobank's Senior FX Strategist Jane Foley has outlined the bank's baseline view on Bank of England (BoE) policy, predicting no rate adjustments for the remainder of 2024.

Foley points to three key factors supporting this outlook: softer UK Consumer Price Index (CPI) data, declining oil prices, and a slack labour market. These conditions suggest the BoE will maintain its current stance without tightening or loosening.

The analysis was shared in a recent Rabobank note, though the full text was truncated in the original source. The view aligns with expectations of a sustained pause in BoE rate moves through 2024.

Source: FXStreet Forex News