Tuesday, 21 May 2019
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Bank of England leaves policy rate unchanged at 0.75% with unanimous vote as expected
Thursday, 21 March 2019 19:14 WIB | FISCAL & MONETARY |Fiskal & MoneterBOEEkonomi inggris

In a widely expected decision, the Bank of England's Monetary Policy Committee held the policy rate unchanged at 0.75% with a unanimous vote. The asset purchase facility remained steady at €435 billion as well. Below are some key takeaways from the monetary policy statement.

Since the Committee™s previous meeting, the news in economic data has been mixed, but the MPC's February Inflation Report projections appear on track.

The broad-based softening in global GDP and trade growth has continued.

Shifting expectations about the potential nature and timing of the United Kingdom™s withdrawal from the European Union have continued to generate volatility in UK asset prices, particularly the sterling exchange rate.

Source: FXstreet

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