BoE decision
After much media hype surrounding the ‘will they won’t they cut interest rate debate’, the Bank of England‘s Monetary Policy Committee – (MPC) decided Thursday 30th January 2020 to keep interest rates unchanged at 0.75%
This is Mark Carney’s final rate call as the UK commences Brexit stage one, and officially and legally moves away from the EU.
Carney’s last call
Brexit takes centre stage
The UK will now start Brexit ‘stage two’ negotiations in earnest as we officially exit the EU at 11pm on 31st January 2020.
Let the real negotiations begin!
Bank of England interest rate held at 0.75%
Inflation rate is: 1.3% and below the BoE’s target of 2%