July 14, 2016 BY Valentina Kirilova
Bank of England Maintains Bank Rate at 0.5% and the Size of the Asset Purchase Programme at £375 Billion
What happened during the Monetary Policy Committee meeting Financial markets have reacted sharply to the United Kingdom’s vote to leave the European Union. Since the Committee’s previous meeting, the sterling effective exchange rate has fallen by 6%, and short-term and longer-term interest rates have declined. Reflecting the fall in the level of sterling, financial market…
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