Pound Slides After BOE Holds Rates: Warns Q4 Economy “Slightly Softer”, Sees “Gradual And Limited” Rate Hikes

Jon Alternative Media, Blogosphere, Economy, Fiscal Policies, Government

As previewed moments ago, the BOE decision was rather unexciting, and after its November rate hike – the first in a decade – which many speculated could be a “one and done”, the Bank of England unanimously kept rates unchanged at 0.50% as expected. The lack of dissenters meant this was the first time the nine policy makers have been in agreement since February. The committee also left the BOE’s QE unchanged.
MPC holds #BankRate at 0.50%, maintains government bond purchases at 435bn and corporate bond purchases at 10bn. pic.twitter.com/mrA5UcxxeY
— Bank of England (@bankofengland) December 14, 2017

This post was published at Zero Hedge on Dec 14, 2017.