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BOE minutes – Rates expected to rise more gradually

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 17, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Bank of England minutes released today show policymakers see rates rising more gradually and to a lower level than previous cycles.

    On Brexit

    MPC notes increased uncertainty around Brexit referendum

    MPC will continue to monitor influence of Brexit debate on sterling asset prices

    MPC remains watchful for signs that low inflation is having more persistent

    Key points on economy

    Significant proportion of recent GBP decline reflects concern over Brexit

    Underlying UK growth sustained by solid domestic demand

    Despite Jan rise, inflation remains well below 2% target
    For more information, read our latest forex news.

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