RaboResearch: BoE Holds Rate at 3.75% with 7-2 Split, Inflation May Peak Lower
The Bank of England kept its Bank Rate at 3.75% in a 7-2 vote, with two members favoring a 25bp hike. RaboResearch notes that falling energy prices could push inflation below earlier projections.
GBPUSD
According to RaboResearch Global Economics & Markets, the Bank of England maintained the Bank Rate at 3.75% in a 7-2 decision. Two members voted for a 25-basis-point increase. The sharp decline in energy prices suggests that inflation may peak below earlier forecasts. Further details were not disclosed in the initial note.
Source: FXStreet Forex News