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SONIA Shows ~45bp Of '24 BoE Cuts

STIR

SONIA futures are flat to -3.0, as the firmer-than-expected Australian CPI data keeps the pressure on after yesterday’s post-settlement dip.

BoE MeetingSONIA BoE-Dated OIS (%)Difference Vs. Current Effective SONIA Rate (bp)
Aug-245.061-13.9
Sep-244.997-20.3
Nov-244.851-35.0
Dec-244.753-44.8
Feb-254.610-59.0
Mar-254.514-68.6
May-254.391-81.0
Jun-254.300-90.0

Source: MNI - Market News/Bloomberg. 2025 meeting dates are estimated.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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