CME BoEWatch

Arbu

Well-known member
I'm looking at your BoEWatch tool https://www.cmegroup.com/trading/interest-rates/bank-of-england-watch-tool.html. The associated video talks about the BoE base rate, and then the "target rate". It doesn't explain what the difference is between these, and it's not clear to me. The current chart shows a 100% chance of a target rate of 0.3 after this week's meeting. The BoE's current base rate is 0.5% and is expected to be 0.75% after the meeting. So what is the meaning of this target rate which is expected to be 0.3?

Anyone know?
 
 
Top
AdBlock Detected

We get it, advertisements are annoying!

But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.

I've Disabled AdBlock    No Thanks