The Bank of England kept the key rate unchanged on a 6-3 vote and mentioned it will not reduce its portfolio before the rate reaches 1.5% (down from 2.0%). According to analysts at Danske Bank, the BoE will raise rates one hike in H2 2018 and one in 2019, with the next hike likely to be in August. Key Quotes: “The split vote combined with the BoE’s relatively confident view that the dip in activity in Q1 was temporary, indicates that a hike of the Bank Rate in August is still an option.” “The BoE made a significant change to its QE guidance and now says it will not consider reducing the stock of debt securities purchased under the QE programme until the key interest rate reaches 1.5% (previously 2.0%).” “We stick to our call for one hike in H2 18 and one in 2019, with the next hike likely to be in August, but stress that the timing remains data dependent.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EOS price analysis: EOS/USD lags reaction EOS deposits go like on Kraken and Bitfinex exchanges FX Street 3 years The Bank of England kept the key rate unchanged on a 6-3 vote and mentioned it will not reduce its portfolio before the rate reaches 1.5% (down from 2.0%). According to analysts at Danske Bank, the BoE will raise rates one hike in H2 2018 and one in 2019, with the next hike likely to be in August. Key Quotes: "The split vote combined with the BoE's relatively confident view that the dip in activity in Q1 was temporary, indicates that a hike of the Bank Rate in August is still an option." "The BoE made a significant change to… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
