Gilt yields edge lower ahead of BOE rate decision
U.K. gilt yields are modestly lower before the Bank of England decision, with investors expecting rates to stay on hold. Markets focus on the BOE vote split and the assessment of second-order inflation effects, with only a 19% chance priced for a rate hike.
K. government bonds, or gilts, are edging lower ahead of the Bank of England rate decision at 1100 GMT. Investors expect rates to remain on hold and will focus on the vote split and the BOE's assessment of the second-order inflation effects. Markets are pricing in only a 19% chance of a rate hike.