The Bank of England nbsp;voted 9 to 0 to maintain Base Rate at 0.75%. The asset purchase target of £435 billion with a corporate bond target £10 billion for bond purchases was voted unaminous.
The Bank of England nbsp;voted 9 to 0 to maintain Base Rate at 0.75%. The asset purchase target of £435 billion with a corporate bond target £10 billion for bond purchases was voted unaminous.
Highlights:
Bank of England announces 21 March 2019 monetary policy decision
- Unchanged at prior 0.75%
- Official bank rate votes 0-0-9 vs 0-0-9 expected
- Asset purchase target £435 bn vs £435 bn expected
- Corporate bond target £10 bn vs £10 bn expected
Statement Breakdown
- Underlying inflation broadly on track with forecast
- Employment growth could now moderate significantly
- Brexit could prompt policy moves in either direction
- Gradual, limited tightening still probably needed
- Monetary response to Brexit is not automatic and could be in either direction
- Brexit uncertainties continue to weigh on confidence, short-term economic activity
Source: Bank of England