BoE: No surprises here – Deutsche Bank

Sandeep Kanihama FXStreet Contributor

Deutsche Bank analysts note that in the middle of political turbulence in the UK, the Bank of England’s MPC voted to keep interest rates unchanged at 0.75%, in line with market expectations.

Key Quotes

“Regarding Brexit, the minutes said that “Brexit uncertainties had also continued to weigh on confidence and short-term economic activity, notably business investment.” In terms of the future path of monetary policy, the minutes said that “were the economy to develop broadly in line with its February Inflation Report projections, an ongoing tightening of monetary policy over the forecast period, at a gradual pace and to a limited extent, would be appropriate to return inflation sustainably to the 2% target at a conventional horizon.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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