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BoE Is In The Spotlight Today


Today, the spotlight most likely will fall on the Bank of England and its monetary policy. The Bank will decide on its interest rate, which is expected to have remained the same, at +0.75%. The rate has been at that level since it got a 25bps boost in August of last year. The BoE seems to be willing to maintain the rate at the same level, until there is more clarity in regards to how the UK will be departing from the EU. But with the recent developments, the question here is, will it actually leave or not?

As we know, the Bank of England is quite vocal about the whole Brexit issue, as they have stated many times that the current uncertainties are making the UK economic data more volatile. The Committee states that...

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Source: https://www.jfdbank.com/en/research/boe-is-in-the-spotlight-today-20191107
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