expectations rise for a BOE rate hike

The Bank of England will be holding its first monetary policy meeting of the year this week. The markets expect no changes to interest rates which remain at 0.50%. The Bank of England hiked interest rates for the first time in a decade in November 2017. This came as the central bank hiked rates to contain inflation which overshot the BoE's 2%...

2018-03-20 John Benjamin Read more

The Bank of England's monetary policy is scheduled for today and marks the final policy meeting for this year. Following the central bank's decision to hike interest rates at the November meeting, no changes are expected this month. At the previous meeting, the Bank of England's MPC voted 7-2 to hike interest rates. This was the first rate hi...

2018-01-25 John Benjamin Read more

Last week, the Bank of England hiked interest rates for the first time in nearly a decade by 25 basis points. The rate hike was widely expected, and the BoE Governor Mark Carney hinted that future rate hikes would be limited and gradual. Despite the rate hike, the British pound sold off on the event. This came as the BoE's gave a downgraded vie...

2018-01-25 John Benjamin Read more
Bank of England

The Bank of England's monetary policy meeting is scheduled for today. The central bank is expected to hike interest rates by 25 basis points at today's meeting. The rate hike comes amid continued uncertainty on both the economic and the political front. The expected rate hike today will be the first from the BoE since July 2007, marking a decad...

2017-12-12 John Benjamin Read more
forex australia_RBA

Market headlines Australia unemployment rate rises to a 4-month high at 5.80% Bank of England keeps monetary policy unchanged with interest rates at 0.50% BoE signals further stimulus is required following its final assessment in August UK PM Theresa May appoints Philip Hammond as the new Chancellor of the Exchequer, replacing Ge...

2016-07-14 John Benjamin Read more