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2025-12-18 16:42:28
[European Session Focus: Bank of England and ECB Interest Rate Decisions Imminent] ⑴ The main focus of the European session will be the monetary policy decisions of the Bank of England and the European Central Bank. ⑵ The market widely expects the Bank of England to cut interest rates by 25 basis points, bringing the benchmark rate down from 4.00% to 3.75%. ⑶ The market widely expects a 5-4 vote in favor of a rate cut, with Governor Bailey expected to join the dovish camp. ⑷ Market attention will be focused on the voting split or potential dovish surprises in the forward guidance. There will be no press conference after the meeting. ⑸ The ECB is expected to maintain its policy rate at 2.00%. ⑹ The meeting will release updated economic forecasts, with both growth and inflation expectations expected to be revised upwards. ⑺ The central bank is not expected to deviate from its recent forward guidance, which relies on data and is decided on a meeting-by-meeting basis, without a predetermined interest rate path.
