Reuters highlights key points from the Bank of England (BOE) June monetary policy statement. Haldane joins McCafferty and Saunders to dissent. MPC members backing rate rise see upside risks to wages and unit labor costs. Estimates Q2 to grow by 0.4%. Household spending and sentiment have bounced back strongly. Inflation expected to pick up slightly more than expected in near-term. All members agree future rate increases are likely to be gradual, limited. Any reduction in QE asset holdings will be conducted at a “gradual, predictable pace”. All members more confident now that Q1 slowdown is temporary. Ongoing policy tightening will be appropriate. The majority saw value in seeing how data evolves from here. BOE won’t consider reducing QE stock until rate hits 1.5%, previously at 2%. 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 China and US making effort to avert tariff implementations FX Street 3 years Reuters highlights key points from the Bank of England (BOE) June monetary policy statement. Haldane joins McCafferty and Saunders to dissent. MPC members backing rate rise see upside risks to wages and unit labor costs. Estimates Q2 to grow by 0.4%. Household spending and sentiment have bounced back strongly. Inflation expected to pick up slightly more than expected in near-term. All members agree future rate increases are likely to be gradual, limited. Any reduction in QE asset holdings will be conducted at a "gradual, predictable pace". All members more confident now that Q1 slowdown is temporary. Ongoing policy tightening will… 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.
