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Market expectations were satisfied, the base rate in England was maintained

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Market expectations were satisfied, the base rate in England was maintained
September 14
09:00 2017

The September meeting of the Bank of England has been held. The decision to follow the current monetary policy has become its result.

We remind that at the moment the base interest rate of the island state is 0.25%. This value is the historical minimum for the Bank of England.

The number of votes given for the decision to keep the size of the base interest rate has remained unchanged. As last time, seven members of the Monetary Policy Committee of Great Britain voted for, and only two – against.

Official London decided not to review the policy regarding the purchase of government and corporate bonds. The volume of purchased government bonds is expected to remain at the level of $ 574 billion; corporate bonds will be purchased in the amount of $ 13.6 billion.

This decision of the Bank of England coincided with the expectations of experts, which will inevitably lead to the strengthening of the pound and some other British assets.

The material was prepared with the participation of Andrey Majorov,
a leading analyst of the brokerage company CT Trade

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