Bank of England Not Planning to Raise Interest Rates Anytime Soon?

Posted Thursday, May 9, 2019 by
Arslan Butt • 1 min read

Monetary Policy Committee member Michael Saunders believes that the Bank of England has no plans to raise interest rates in the near future, and that is not subject to how well the Brexit process goes.

Saunders made these remarks during an interview on Thursday, adding that he hopes business investment would be on the uptick once Brexit goes off smoothly. He adds that interest rates could rise up slightly, but not anytime soon.

The latest news on the Brexit front include Theresa May being likely to continue her post, while Conservative MP Graham Brady remains hopeful that the Brexit Bill could be put to vote before MAy 23.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Related Articles
0 0 vote
Article Rating
Notify of
Inline Feedbacks
View all comments