BOE Upbeat about Inflation Outlook. Negative Rate Seems Unlikely although It is Not Ruled Out

As expected, BOE left the Bank rate unchanged at 0.1%. Meanwhile, the QE program also remains at 875B pound worth of government bonds, and 20B pound of corporate debt. The economic projections reveal that policymakers are more optimistic about inflation projecting it to reach the +2% target this year. This signals that further rate cut […]
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