BoE Leaves Interest Rates On Hold At 0.75% As Brexit Uncertainty Continues

The Bank of England policymakers have voted 9-0 to hold bank rate at 0.75% as Brexit uncertainty continues.

“Absent currency or balance of payments crisis, we just don’t see the Bank of England even considering raising rates anytime soon,”said Artur Baluszynski, head of research at Henderson Rowe in a emailed statement.

“Cuts are increasingly likely due to the prolonged uncertainty around Brexit. In fact, considering how sensitive the UK banking system is to softening house prices, we wouldn't be surprised if the Bank of England gets ahead of the curve.”

Related Links:

UK's Prime Minister Loses Majority Support

Parliament Suspended Until Mid-October, Johnson Preps To Leave EU

Posted In: NewsEurozoneMarketsArtur BaluszynskiBank Of EnglandBrexit
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...