The Bank of England retained the benchmark interest rate at 0.75% per annum


The Bank of England kept the base interest rate at 0.75% per annum, which is its maximum value since 2009. The volume of the bond buying program is kept at the level of 435 billion pounds sterling. The regulator also left unchanged the volume of purchase of corporate bonds of 10 billion pounds. The bank's report notes strong consumer spending and payroll data, and also points out that economic activity in the country has surpassed forecasts. Bank of England believes that the exit of the UK from the EU is the main risk factor for the forecast and notes the growing tension in trade and the increased volatility in emerging markets.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong