Friday, 2 August 2024

Bank of England Joins Central Bank Rate Cut Club

by BD Banks

Summary The Bank of England (BoE) joined the growing group of G10 central banks that have eased monetary policy, by delivering an initial 25 bps policy rate cut to 5.00% at today’s monetary policy announcement. The guidance from the BoE’s announcement was also somewhat cautious, for now likely arguing against a steady series of rate […]

The post Bank of England Joins Central Bank Rate Cut Club appeared first on Action Forex.

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