Its members Bank of England (BOE) decided not to make any immediate reduction in interest rateas the Central Bank maintained its policy in front of the hectic world scene.
The Bank of England’s Monetary Policy Committee voted 8 to 1 in favor of the basic interest rate at 4.5%, with most policymakers in favor of a more careful approach than economists expected.
BEE is the last central bank to adopt a more cautious tone, as monetary policy is in the air due to US President Donald Trump’s “crusade” for duties.
Members’ controversy has set support for immediate reduction to the lowest level of the last six months, pushing investors to reduce bets for a move in May to 65%, compared to 70% before the decision.
Two BOE members who have supported the reduction in borrowing costs in previous meetings – Deputy Governor Dave Ramsen and Alan Taylor – voted in favor of non -change of policy, as did Kathryn Mann, who shocked the markets by supporting a sharp decline. Suati Drunga voted in favor of a reduction by a quarter of the unit, reducing its February call to reduce half a unit.
The pound reduced previous losses and deals with 0.2% below $ 1,2976. French bonds maintained their profits with yields being up to six basis points lower throughout the curve, with negotiators still invoicing 53 basis points for additional interest rates by the end of the year.