Tag: Inflation


BoE Surprisingly Maintains Rates at 0.5%, Expects Stimulus Measures in August

In a surprise move the Bank of England’s Monetary Policy Committee overwhelmingly voted to maintain bank rates at 0.5% Thursday, although it said it expects to take some stimulus measures in August. At its meeting ending July 13, the MPC voted by a majority of 8-1 to maintain bank rate at 0.5%, with one member, […]

BoE Expects Monetary Policy Easing in Summer: Carney

The Bank of England (BoE) is expecting that some “monetary policy easing will likely be required over the summer” as the “economic outlook has deteriorated” on the back of the UK voting to leave the EU, the BoE governor Mark Carney said in a speech today at the Bank. In addition, “in order to support […]