Until more is known about the economic outlook and effects of the EU referendum, the Bank of England has again held rates, in an eight to one vote. Following Bank of England Governor Carney stating there would probably be ‘some monetary policy easing’ required, monetary policy and additional measures are expected to come about in the Bank’s August forecasts when more data is available.
After the news, which seems to have surprised most in Canary Wharf, the UK pound shot up higher than the last two weeks. But, will the MPC place another hold until the Autumn…….?
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