Bank of England in the City of London as economists and mortgage holders await this week's interest rate announcement on 28th July 2024 in London, United Kingdom.
LONDON — European markets were poised to open higher as investors digested the U.S. Federal Reserve's first interest rate cut in four years and looked ahead to the Bank of England's rate decision later in the session.
Back in Europe, investor attention is now turning to the Bank of England, with the central bank largely expected to hold rates steady at 5%.
The Fed's jumbo rate cut is unlikely to impact the Bank of England, according to economists, as the central bank ratified its decision around lunchtime Wednesday, hours before the U.S. announcement.
Also on Thursday, Norway's central bank will deliver its latest interest rate decision.
Persons:
Germany's DAX, Tiina Lee, CNBC's
Organizations:
of England, City of, LONDON, . Federal, Bank of, FTSE, France's CAC, Fed, Bank of England, Citi UK
Locations:
City, City of London, London, United Kingdom, ., Trading, Asia, Europe, U.S, Norway's