Analysts at Scotiabank noted the key details from the BoE today.
Key quotes:
“Bank of England left policy makers opted to leave settings unchanged today, as expected.”
“A 9-0 vote in favour of no change was in line with expectations following the Aug tightening and shifting attention to Brexit risks.”
“Indeed, the policy statement noted heightened uncertainty around Brexit since Aug.”
“The statement noted some negative spillover into the economy via trade and investment from Brexit.”
“Gov. Carney briefed the Cabinet on preparations for a ‘no deal’ Brexit earlier.”
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