BOE keeps rates steady saying stimulus not needed just yet
The Bank of England says Brexit will weigh on growth from next year, and keeps the door open to lower rates
30 January 2020 - 15:43
London — The Bank of England (BOE) kept interest rates steady on Thursday, saying signs that Britain’s economy had picked up since December’s election and that the global economy had stabilised means further stimulus is not needed now.
Financial markets had seen a 50% chance of a cut, but the monetary policy committee (MPC) split once again 7-2 in favour of keeping the bank rate at 0.75% with external members Michael Saunders and Jonathan Haskel voting to lower rates...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.