# Bank of England to hold its line against rate cut talk - Business & Finance - Business Recorder

> Reuters reported that the Bank of England was expected to keep its benchmark rate at a 15-year high at its December 14 meeting. Officials at the ECB and Fed were signalling possible rate cuts.

- Date: 2023-12-08 · published 2023-12-08T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/32954-bank-of-england-to-hold-its-line-against-rate-cut-talk-business-and-finance
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Divergence in central bank policy shifts currency flows and dollar strength, which can indirectly affect dollar-priced grain and oilseed values.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-01-29 | [Sterling close to 23-month high versus euro - Business & Finance - Business Recorder](https://feedsoft.ai/events/43377-sterling-close-to-23-month-high-versus-euro-business-and-finance-business.md) | -0.8% | -0.7% |
| DXY | 2025-10-31 | [Indian rupee holds above record low on state bank dollar sales, ends month flat - Markets - Business Recorder](https://feedsoft.ai/events/22693-indian-rupee-holds-above-record-low-on-state-bank-dollar-sales-ends-month-flat.md) | +0.3% | -0.2% |
| DXY | 2024-02-02 | [Australia, NZ dlrs back in familiar range after choppy response to Fed - Business & Finance - Business Recorder](https://feedsoft.ai/events/31931-australia-nz-dlrs-back-in-familiar-range-after-choppy-response-to-fed-business.md) | +0.6% | +0.6% |
| DXY | 2017-12-14 | [Bank of England unanimously votes to hold interest rates, shifting focus to inflation](https://feedsoft.ai/events/67720-bank-of-england-unanimously-votes-to-hold-interest-rates-shifting-focus-to.md) | -0.4% | -2.1% |
| DXY | 2021-11-15 | [Bank of England says December Rate Hike "In Play"](https://feedsoft.ai/events/44294-bank-of-england-says-december-rate-hike-in-play.md) | +0.6% | +1.2% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40277501

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.