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BoE Holds Rates Offers No Guidance

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The Bank of England has given no further guidance on when it might raise interest rates, after deciding to keep them on hold at 0.5% once again.

There had been speculation that the Bank might have to refine its threshold for increasing rates.

Back in August, governor Mark Carney said unemployment would have to decline to 7% before an interest rate rise would be considered.

An improved economy has meant that could happen sooner than expected.

The Bank also made no further addition to its £375bn bond-buying scheme known as quantitative easing (QE).

Base rates have now been at 0.5% since March 2009.

via BBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza

@alfonso_forex

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