Timing of first BoE rate cut splits economists between June and Q3 [Reuters]
ING Group, N.V. (ING)
US:NYSE Investor Relations:
ing.com/investor-relations.htm
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Source: Reuters
poll, although almost half of those surveyed said the central bank would cut interest rates in June. In either case, the BoE would be moving around the same time as peers the European Central Bank (ECB) - widely expected to move in June - and the U.S. Federal Reserve which is predicted to trim rates in September. Top BoE officials - Governor Andrew Bailey and Deputy Governor Dave Ramsden - have recently said British inflation was falling in line with the central bank's predictions and the risk of it getting stuck too high had receded, setting the stage for a rate cut. Inflation was above the BoE's 2.0% target in March, coming in at 3.2%, but lower than February's 3.4% reading. The BoE raised borrowing costs by 515 basis points to a 16-year high between December 2021 and August 2023 to cool inflation that peaked at 11.1% in October 2022. All participants in the April 17-23 poll expected the BoE to hold Bank Rate (GBBOEI=ECI) New Tab , opens new tab at 5.25% on May 9 and med
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- ING announces share buyback programme of up to €2.5 billionGlobeNewswire
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Earnings
- 2/1/24 - Miss
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Sec Filings
- 5/2/24 - Form 6-K
- 5/2/24 - Form 6-K
- 4/22/24 - Form 6-K
- ING's page on the SEC website