The Bank of England (BoE) joined the growing group of G10 central banks that have eased monetary policy, by delivering an initial 25 bps policy rate cut to 5.00% at today's monetary policy announcement.
Summary The Bank of England joined the growing group of G10 central banks that have eased monetary policy, by delivering an initial 25 bps policy rate cut to 5.00% at today's monetary policy announcement. The guidance from the BoE's announcement was also somewhat cautious, for now likely arguing against a steady series of rate cuts at each and every meeting. That message was reinforced by the central bank's updated economic projections, which envisage stronger GDP growth of 1.
Bank of England delivers rate cut, offers careful guidance The Bank of England joined the growing group of G10 central banks that have eased monetary policy, by delivering an initial 25 bps policy rate cut to 5.00% at today's monetary policy announcement. To be sure, the decision was finely balanced, with a closely split 5-4 vote from policymakers to lower interest rates.
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