Bank of England's Interest Rate Decisions

Bank of England considers interest rate cuts, with traders moderating bets for a 60% chance of a third cut in 2024. The UK Treasury will pay over £170 billion to the Bank of England due to quantitative easing-related costs. Economists urge the BOE to halt sales of long-dated government bonds and switch to the short end to reduce losses. Fund managers, including BlackRock and Aviva, bet on rate cuts after piling into government bonds, with the Bank of England's decision to halt rate hikes providing hope for British government bonds.