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By Caroline Grady 31-01-2020
In: hive-exclusives | Monetary Policy & Inflation UK

Bank Of England Didn’t Blink

(3 min read)
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Many had expected Mark Carney to cut rates as his parting gift as Bank of England Governor, but in the end the MPC kept rates unchanged at 0.75%. The committee concluded the environment was “good enough” though they removed the words “limited and gradual” in reference to the pace of future rate hikes. The pound strengthened on the decision, and UK yields rose.

The March Budget and raft of economic data due before the next MPC decision on March 26 will give new Governor Andrew Bailey a lot to consider.

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