Carney’s Last Dance

Carney’s Last Dance

Written by: PaxForex analytics dept - Thursday, 30 January 2020 0 comments

Earlier today, the Bank of England’s 9-member Monetary Policy Committee voted 7-2 to keep interest rates unchanged at 0.75%. It also kept its Asset Purchase Target unchanged at £435 billion together with its £10 billion Corporate Bond Target. Before the announcement, analysts suggested that the vote could be 5-4, as two members signaled their willingness to ease interest rates as an insurance policy for a slowing global economy and uncertainty over the Brexit transition period.