Thursday, 02 July, 2020

UK Interest Rates Held As Economy Shows Signs Of Picking Up


This could induce the Bank to increase. Mark Carney’s closing interest meeting governor,

the Bank’s Monetary Policy Committee (MPC) voted 7-2 to keep rates unchanged.

The MPC said it stood ready to cut rates when there were indications that expansion will remain subdued.

The international market seems to be regaining, caution is justified,

Proof of a pickup in expansion isn’t yet prevalent.

An estimated increase in spending from the authorities in the March Budget could offer a boost policymakers said.

Companies in britain are concerned about Brexit.

He added that poll data indicated UK expansion will improve.

Michael Saunders and Jonathan Haskel, argued that industry surveys of economic expansion hadn’t been dependable.

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