England has voted for 0.1 %. This is an amazing market that the bank hoped to act on inflation.
“BoE voted in a majority of 7-2 to maintain interest rates at the current level of 0.1 %. Dunboardman Weston, a CIO of Brewers Management, states:
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Stirling fell to 1.3545 to the dollar due to an immediate response to the decision, because traders who wanted a more Hawkish Bank of England bank were in the ranking.
Manny hoped that when inflation rose rapidly, Bo would move to control prices. However, MPC voters have clearly chose to support their interest rates and to vote 7-2 to maintain more vulnerable economic recovery.
“Inflation may be increasing, but BOE does not consider raising interest rates as a silver bullet in this problem. HYCM’s chief currency analyst Giles Coghlan stated: I am.
“Currently, if you raise the fee, there is a risk of harm the recovery of the company. It will also remind you of spending surprising savings. This may all be afraid of the recovery after the British economy pandemic. Inflation rises, but it can lead to a stagnation of the economy. ”
