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BoE quick take: sterling hits one-week high as MPC exits emergency mode


Thu, 6 May 2021 | Written By:
Neil Wilson
Neil is chief market analyst for Markets.com and also writes for the Investors Chronicle as ‘The Trader’, with the daily market outlook published online each morning.
BoE quick take: sterling hits one-week high as MPC exits emergency mode
Forex
This was not as hawkish as some might have wanted but it’s a clear signal the Bank of England is exiting emergency mode.
The Bank of England left interest rates on hold at 0.1% and maintained the size of its asset purchase programme at a total of £895bn. By way of a hawkish parting shot Andy Haldane dissented and voted to lower the gilt purchase envelope from £875bn to £825bn. His views are no longer particularly relevant to future monetary policy decisions since he is leaving after the June meeting, but it certainly underlines the fact that the Bank is exiting the emergency phase. Unless there is another deadly wave an ....

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Monetary Stimulus Continued | Scoop News


The Monetary Policy Committee agreed to maintain the
current stimulatory level of monetary settings in order to
meet its consumer price inflation and employment objectives.
The Committee will keep the Official Cash Rate (OCR) at 0.25
percent, and the Large Scale Asset Purchase and Funding for
Lending programmes unchanged.
The global economic
outlook has continued to improve since the February
Monetary Policy Statement. Ongoing fiscal and
monetary stimulus are continuing to underpin the global
recovery in economic activity. However, economic uncertainty
remains elevated and divergences in economic growth both
within and between countries are significant. New
Zealand’s commodity export prices continue to benefit from ....

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