At yet another emergency meeting, the Bank of England MPC has unanimously decided to cut Bank rate. Analysts at Rabobank would not be surprised by further cuts. Key quotes “The BoE MPC suddenly announced that it had unanimously decided to cut Bank rate by 15 bps to 0.10% in an additional special meeting.” “The MPC also voted unanimously to increase the Bank’s holdings of UK government bonds and sterling non-financial investment-grade corporate bonds by a massive GBP 200bn to a total of GBP 645bn.” “Wartime economics means wartime deficits: it does not seem out of the question that we could see the fiscal deficit hitting double digits.” “We would certainly not find ourselves surprised if the Bank of England continues down this path.” 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 ECB’s Rehn: We must prepare for quite a lenghty period of coronavirus pandemic FX Street 2 years At yet another emergency meeting, the Bank of England MPC has unanimously decided to cut Bank rate. Analysts at Rabobank would not be surprised by further cuts. Key quotes “The BoE MPC suddenly announced that it had unanimously decided to cut Bank rate by 15 bps to 0.10% in an additional special meeting.” “The MPC also voted unanimously to increase the Bank’s holdings of UK government bonds and sterling non-financial investment-grade corporate bonds by a massive GBP 200bn to a total of GBP 645bn.” “Wartime economics means wartime deficits: it does not seem out of the question that we could… 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.
