18 Hrs
Source:
المشهد العربي
BoE delays rate outlook and bond sales
The Governor of the Bank of England, Andrew Bailey, confirmed that the outlook for monetary policy remains surrounded by high levels of uncertainty, preventing the bank from asserting expectations that point to the likelihood of about four interest rate hikes over the coming year. He clarified that the bank has not formally discussed raising interest rates four times and has only maintained current rates with warnings of persistent inflationary pressures. The bank announced a new strategy to reduce its British bond holdings, including halting long-term bond sales, ahead of the market adopting more cautious expectations amid economic uncertainty.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)