A slowing economy and prolonged Brexit uncertainty is seen keeping the Bank of England (BOE) from raising the interest rate until August 2020, the National Institute of Economic and Social Research (NIESR) said on Thursday, according to Reuters. While the think tank has pushed back by a year its previous forecast of a BOE rate hike made in February this year, a recent Reuters poll showed most economists now expect the central bank to raise borrowing costs early next year. So far, the British central bank has raised rates twice to 0.75 percent from the record low of 0.25 percent 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 BOE to keep interest rates on hold until August 2020 – NIESR FX Street 4 years A slowing economy and prolonged Brexit uncertainty is seen keeping the Bank of England (BOE) from raising the interest rate until August 2020, the National Institute of Economic and Social Research (NIESR) said on Thursday, according to Reuters. While the think tank has pushed back by a year its previous forecast of a BOE rate hike made in February this year, a recent Reuters poll showed most economists now expect the central bank to raise borrowing costs early next year. So far, the British central bank has raised rates twice to 0.75 percent from the record low of 0.25… Regulated 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.
