Today news
About the same in other media
BoE adopts 'dovish tilt' in interest rate cut amid inflationary concerns ahead
Reading now: 927
investmentweek.co.ukSeven Monetary Policy Committee (MPC) members voted in favour of the interest rate cut, while two preferred a 50 bps snip, as the UK's central bank cited «substantial progress on disinflation» as a key factor behind the decision. As a result, interest rates have now been lowered from 4.75% to 4.5%, marking a 20-month low for interest rates and the third cut in just over six months. Bank of England slashes interest rates by 25bps to lowest level in 18 months However, markets were taken by surprise after Catherine Mann, who has repeatedly voted against lowering interest rates in re...
To continue reading this article...
Join now
Login
Read more on investmentweek.co.ukAbout this in other media
MPC review: Rate cut not ideal yet. Rely on surplus liquidity and operation twist instead livemint.com /2 days ago
Bets rise for an emergency rate cut by Bank of Canada financialpost.com /3 days ago
Rate cut at upcoming MPC meet not a certainty, says Bajaj Finserv CEO AMC livemint.com /3 days ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
