As anticipated, the Bank of England left its monetary policy unchanged. In a unanimous decision the bank rate was left at 0.75% and the forward guidance was identical to the last meeting, anticipating an ongoing tightening of monetary policy over the next couple of years. The minutes show some increased worries by the Monetary Policy Committee about Brexit as well as the trade tensions between the US and China, though the latter seems to not have influenced the decision, yet.
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(Almost) Daily Market News Update
- Published:
14 Sep 2018 -
Author:
Joachim Klement -
Pages:
6
As anticipated, the Bank of England left its monetary policy unchanged. In a unanimous decision the bank rate was left at 0.75% and the forward guidance was identical to the last meeting, anticipating an ongoing tightening of monetary policy over the next couple of years. The minutes show some increased worries by the Monetary Policy Committee about Brexit as well as the trade tensions between the US and China, though the latter seems to not have influenced the decision, yet.