forex Holly Currency Thoughts

Holly Currency Thoughts




Bank of England

The surprising element is the latest monetary policy review was not that the Bank Rate was left at 0.5% or that no change was made to the stock of bank holdings of gilts and corporate bond purchases. It is that the decision to leave the interest rate as is drew dissenting votes from McCafferty and Saunders. There has already been one rate tightening done back in November 2017, and at the three policy reviews prior to the one that raise the Bank Rate to 0.5% from 0.25%, McCafferty and Saunders had also cast dissenting votes favoring a rate hike.

The nine-person Monetary Policy Committee released a statement today that defends the need for more rate normalization, lest inflation fail to slow to its 2.0% medium-term target. “Given the prospect of excess demand over the forecast period, an ongoing tightening of monetary policy over the forecast period will be appropriate to return inflation sustainably to its target at a more conventional horizon. All members agree that any future increases in Bank Rate are likely to be at a gradual pace and to a limited extent.” The February CPI figures reported this past Tuesday showed total inflation easing back to 2.7% from 3.0%, and core inflation dropping 0.4 percentage points to 3.6%.

The first rate hike of the cycle done in November 2017 merely reversed the post-Brexit referendum cut that officials implemented in August 2016.

Copyright 2018, Larry Greenberg. All rights reserved. No secondary distribution without express permission.

WE RECOMMEND THE VIDEO: What Is Forex? (easily explain) - top secret

What Is Forex? (easily explain) - top secret what is Forex is another video that reveal all about the financial market in a simple terms, this video will expose the ...

This entry was posted on Thursday, March 22nd, 2018 at 10:30 am and is filed under Central Bank Watch. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Comments are closed.

Currency Thoughts has evolved from a blog to a full-functioning website. This new design provides easier access to your favorite features and new capabilities to accept ads. In the future, it will be possible to register to accept emailed updates.

Add Comment
forex
Saturday, 3 October 2020

Share

Like

G+

Tweet

Tweet

Related Posts

Next Last Home

Weekly Posts

  • Jacquelin CEO Of BTCS Explains How The Company Surpassed $1M In Crypto Assets
    Jacquelin CEO Of BTCS Explains How The Company Surpassed $1M In Crypto Assets
     BTCS Inc. is a publicly-traded cryptocurrency and blockchain company that recently surpassed the $1 million milestone in crypto assets ...
  • Kallie Queen Anne’s Lace Part II: Traditional Use of Daucus Carota
    Kallie Queen Anne’s Lace Part II: Traditional Use of Daucus Carota
     Queen Anne’s lace ( Daucus carota ) is a fascinating plant with a long and storied past. Because it has poisonous look-alikes, it’s vit...
  • Florance What Are the True Craps Odds Payouts?
    Craps is quite a cool and incredibly classic casino game played by thousands of people every day around the world. It is however, very comm...

Label

  • adult
  • casino
  • coins
  • dating
  • forex
  • healthy
  • movies
  • option
  • pharma

Contact

Name

Email *

Message *

Copyright © 2020 nonstop wide interest blog All Right Reserved
Created by Nonstop Wide Interest Blog | and John Smith