UK BoE Interest Rate stays unchanged at 0.5% in Mar 7
Mar 7, 2013
Forex Flash: BoE not expected to alter policy despite pressure – Deutsche Bank
Later today in the UK, “we expect no change in policy from the BoE today (as does Bloomberg consensus), however we underscore that the risks to this view are high. The BoE minutes from the February meeting showed that three of the nine-strong MPC Committee – including the Governor himself – voted for additional asset purchases meaning just two other MPC members are needed to join King, Fisher & Miles for further QE to be sanctioned.” notes Macro Strategy Analysts J. Reid and C. Tan at Deutsche Bank.