- Analytics
- News and Tools
- Market News
- Bank of England's Monetary Policy Committee minutes: 8-1 split to keep monetary policy unchanged
Bank of England's Monetary Policy Committee minutes: 8-1 split to keep monetary policy unchanged
The Bank of England's Monetary Policy Committee (MPC) released its September meeting minutes on Thursday. 8 members voted to keep the central bank's monetary policy unchanged. Ian McCafferty voted to hike interest rate by 0.25%.
MPC members noted that the risks from the slowdown in the Chinese economy rose since August.
"Global developments do not as yet appear sufficient to alter materially the central outlook described in the August Report, but the greater downside risks to the global environment merit close monitoring for any impact on domestic economic activity," the statement said.
MPC members said that the healthy domestic expansion continued.
"Domestic momentum is being underpinned by robust real income growth, supportive credit condition, and elevated business and consumer confidence," the minutes said.
MPC members pointed that the interest rate hike will be gradual when the Bank of England starts to raise its interest rate.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
