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The Bank of England lowered its policy rate by 25 bps to 3.75% in a 5-4 vote, in line with market expectations. Governor Bailey voted for the cut.
The bank said rates are on a gradual downward path, with further easing becoming a closer call.
The decision was widely expected, so the direct market impact is limited. It mainly shapes sterling and gilt expectations rather than commodity prices.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.