The FX PostThe FX Post
    What's Hot
    XRP leads

    XRP Leads Crypto Majors Recuperation, Bitcoin Rises Over $21K as Rate-Hike Issues Subside

    June 24, 2022
    SEC chair looks for a unified crypto

    SEC Chair Looks for a Unified Crypto ‘Guideline Book’ to Stay Clear of Fragmented Regulation

    June 24, 2022
    China's clean power growth

    China’s Clean Power Growth Outlook for 2022 Maintains Getting Bigger

    June 24, 2022
    The FX Post The FX Post
    • Best Fx Robots
    • Forex
      • News
      • Forex 101
      • Forex Forecasts
      • Broker Reviews
    • Crypto
      • News
      • Crypto 101
      • Crypto Forecasts
      • Crypto Reviews
    • Indices
      • News
      • Analysis
      • Commodities
      • Reviews
    • Automated Trading
      • Forex Signals
      • Forex Robots
      • Copy Trading
    • Top
      • Best Forex Robots
    The FX PostThe FX Post
    Home » The Bank of England Maintains Interest Rates, Sustaining Economy’s Rebound
    Forex News

    The Bank of England Maintains Interest Rates, Sustaining Economy’s Rebound

    August 5, 20211 Min Read
    Facebook Twitter Pinterest LinkedIn Reddit
    Old bank sign engraved in stone or concrete above the door of financial building concept for finance and business
    Share
    Facebook Twitter LinkedIn Pinterest Reddit

    The Bank of England decided to keep key interest rates at a record low of 0.1% on Thursday as it paints a positive short-term economic outlook.

    • The Monetary Policy Committee stated that the reduced impact of COVID-19 would boost demand growth and bring the UK economy back to pre-pandemic levels by the end of 2021.
    • BoE also maintained the bank’s monetary stimulus package at current levels but reduced the level of asset purchases from £875 billion to £830 billion.
    • The bank also posted its unchanged quarterly economic forecast that the UK economy would rebound by 7.25% but raised its forecast for 2020 from 5.75% to 6%.
    • The Commission warned of a “more prominent period” of inflation above target in the short-term than expected in May as they expected cost pressures to be a temporary issue.

    The UK’s inflation rate stands at 2.5% due to the soaring energy prices, and the bank expects inflation to increase to 4% in 2021. 

    EUR USD up +0.03%

    Source: Bank of England.

    Markets are invaded by algorithms
    Secure your passive income with algo-based trading systems
    Learn more
    Bank of England UK’s inflation
    Share. Facebook Twitter Pinterest LinkedIn Reddit

    Related Posts

    China's clean power growth

    China’s Clean Power Growth Outlook for 2022 Maintains Getting Bigger

    June 24, 2022
    US recession

    Jay Powell Alerts United States Economic Downturn is ‘Certainly an Opportunity’

    June 23, 2022
    Recession a 'possibility'

    Powell Sees Ongoing Price Hikes, Says Recession a ‘Possibility’

    June 22, 2022
    Switzerland imports russian gold

    Switzerland Imports Russian Gold for Very First Time Considering That War

    June 22, 2022
    Add A Comment

    Leave A Reply Cancel Reply

      −  1  =  7

    Best FX Post
    Best Forex Robots (Expert Advisors) 2021

    Best Forex Robots (Expert Advisors) 2022: Passive Income From Algo Trading Systems

    July 7, 2021

    Top 10 Lending Platforms for Crypto Loans

    June 1, 2022
    forex eurusd trading charts

    Top 10 Best Forex Brokers In All Times

    June 1, 2022
    Recent Posts
    • XRP Leads Crypto Majors Recuperation, Bitcoin Rises Over $21K as Rate-Hike Issues Subside
    • SEC Chair Looks for a Unified Crypto ‘Guideline Book’ to Stay Clear of Fragmented Regulation
    • China’s Clean Power Growth Outlook for 2022 Maintains Getting Bigger
    • HodlBot Review: Pros, Cons, Recommendations
    • Cardano Creator Readied to Indicate Before Residence Board Supervising CFTC
    Featured Reviews
    TechBerry

    TechBerry Review: Pros, Cons, Recommendations

    September 18, 2021
    CryptoHero

    CryptoHero Review: Pros, Cons, Recommendations

    June 3, 2022
    Bitsgap

    Bitsgap Review: Pros, Cons, Recommendations

    April 29, 2022
    Categories
    • Analysis
    • Automated Trading
    • Best FX Post
    • Broker Reviews
    • Commodities
    • Copy Trading
    • Crypto
    • Crypto 101
    • Crypto Bots
    • Crypto Forecasts
    • Crypto Reviews
    • Forex
    • Forex 101
    • Forex Forecasts
    • Forex Robots
    • Forex Signals
    • Guides
    • Indices
    • News
    • News
    • News
    • Reviews
    • Reviews
    • Uncategorized
    Twitter BlogLovin
    © 2022, Thefxpost.com.
    • Contact

    Type above and press Enter to search. Press Esc to cancel.