Bank of England’s Meeting

Bank of England’s Meeting

The British pound was aggressively sold after the previous Bank of England’s meeting. In August, the UK central bank left the benchmark interest rate unchanged at 0.25%. Only 2 members of the Monetary Policy Committee voted for a rate hike compared to 3 policymakers in July. The amount of government and corporate bond purchases was also maintained at the same level. 
Despite the expectations of hawkish comments, the regulator, on the contrary, sounded dovish blaming lower growth expectations on Brexit uncertainty. Has the mood of the UK central bank lifted? We will find out at 14:00 MT time on September 14. 


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