Posts Tagged ‘policy committee’
Interest rate cut expected later this morning from BoE.
The Bank of England (BoE) is expected to cut the base rate later today, experts see it as a ‘foregone conclusion’ that the Monetary Policy Committee will vote in favour at their monthly meeting. The UK’s dominant services sector saw its sharpest fall in seven years according to the Markit/CIPS PMI released yesterday, this followed…
Read MoreInterest rate cut expected this Thursday
This week the Bank of England (BoE) is expected to cut interest rates for the first time in seven years, a cut was expected just over two weeks ago which failed to materialize. The monetary policy committee decided it was too quick to take such action so soon after the vote for Brexit, however this …
Read MoreInterest rate cut expected
According to most recent press reports the majority of experts expect an interest rate cut today following the meeting by the Bank of England (BoE) policy committee. It is also expected that the (BoE) may also restart quantitative easing, in addition to or instead of a rate cut. An interest rate cut of 0.25% would…
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