DJIA
Last loading.. Chg. loading..
FTSE
Last loading.. Chg. loading..
NDXI
Last loading.. Chg. loading..
POPULAR NEWS
Bank of England leaves policy rate unchanged at 0.75% as expected
Thursday, 19 September 2019 18:28 WIB | FISCAL & MONETARY |BOE

In a widely expected decision, the Bank of England's Monetary Policy Committee held the policy rate unchanged at 0.75% with a unanimous vote. The asset purchase facility remained steady at €435 billion as well.

With the initial market reaction, the British pound weakened modestly and the GBP/USD pair was last seen trading at 1.2450, losing 0.15% on the day. Below are some key takeaways from the monetary policy statement, per Reuters.

"Uk GDP growth of +0.2% in Q3 2019 (August Q3 forecast +0.3%)."

"Staff forecast inflation will stay under 2% target for rest of 2019, due largely to base effects from energy price caps."

"Outlook for global growth has weakened due to intensified trade war betweeen US and China, having material negative impact on global investment."

"Underlying UK growth has slowed but remains slightly positive."

BOE Interest Rate Decision is announced by the Bank of England. If the BoE is hawkish about the inflationary outlook of the economy and raises the interest rates it is positive, or bullish, for the GBP. Likewise, if the BoE has a dovish view on the UK economy and keeps the ongoing interest rate, or cuts the interest rate it is seen as negative, or bearish.

Source : FXstreet

RELATED NEWS
ECB Meeting Account Shows Officials Far Apart on Stimulus...
Thursday, 10 October 2019 19:52 WIB

European Central Bank officials were far apart on the elements of the monetary stimulus package that led to public acrimony after last month™s decision. The account of the Sept. 11-12 meeting ...

FOMC minutes: Most fed policymakers believed 25 basis point cut needed...
Thursday, 10 October 2019 01:22 WIB

According to the minutes from the Federal Open Market Committee's (FOMC) September 17-18 monetary policy meeting, most policymakers believed that a 25 basis points rate cut was needed citing economic ...

Powell Speech: Fed's Strategy And Tools Have Been, And Remain, Effective...
Wednesday, 9 October 2019 22:25 WIB

While speaking to a group of local business and community leaders at the Federal Reserve System™s Fed Listens program, Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, r...

Breaking: Fed's Powell says there is no reason why expansion can't continue...
Wednesday, 9 October 2019 03:19 WIB

While responding to questions from the audience following his prepared speech at an event organised by the National Association of Business Economists in Denver, Federal Open Market Committee (FOMC) C...

Australia Cuts Key Rate as Global Threats, Unemployment Rise...
Tuesday, 1 October 2019 12:10 WIB

Australia's central bank lowered interest rates for the third time this year as it tries to shield the economy from a slew of offshore risks, and signaled it could ease even further. Reserv...

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.