BOE Sees Chance of Another Cut This Year as Rate Held at 0.25%

September 15, 2016 11:05 AM

13 0

Bank of England policy makers indicated there’s still a chance of another rate cut this year as they assess the potential longer-term fallout from Britain’s decision to leave the European Union.

While the nine-member Monetary Policy Committee noted that recent near-term data had been stronger than anticipated since the Brexit vote, it couldn’t draw inferences for its longer-term forecasts. Officials said their view of the “contours of the economic outlook” hadn’t changed.

Also read: Americans are spending like mad again

Read more

To category page