BoE holds interest rates – TeleTrader.com
The Bank of England (BoE) Monetary Policy Committee voted on Thursday to keep its interest rates unaltered at 0.1%. The decision was made unanimously.
Meanwhile, policymakers voted 7 to 2 to keep the central bank’s bond-buying stimulus scheme unchanged at £895 billion. The officials reiterated that inflation is projected to rise to 4% in the final trimester of 2021 before falling back to close to the central bank’s 2% target.
“Market implied measures of advanced-economy policy rates had increased slightly since the Committee’s previous meeting. In the United Kingdom, increases in the level of Bank Rate to 25 basis points and 50 basis points were now expected in May 2022 and December 2022 respectively, compared to August 2022 and February 2024 at the time of the Committee’s previous meeting,” the meeting’s minutes read.
Get involved!
Comments