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The Central Bank of Great Britain has initiated change

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The Central Bank of Great Britain has initiated change
November 02
16:00 2017

For those who follow the financial news, it’s no secret that the Central Bank of Great Britain rarely raises the interest rate. Last time it happened in 2007.

A meeting of the Monetary Policy Committee has been held today. On this basis a press release was issued. It says that the rate of the island state was raised by 0.25%. Thus, at present the UK interest rate is 0.5% per annum.

This decision was not a surprise for analysts. It is expected that it will cause the strengthening of the national currency.

The press release of the Bank of England also reports that state and corporate bonds will be bought in the same volume (435 billion pounds sterling – state bonds, 10 billion pounds – corporate bonds).

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

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