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The Bank of England legislator suggests a possible rate cut

2020-01-13 15:31:36

We focus our discussion in this article on the Bank of England rate cut.

Why a rate cut from the Bank of England?

The Bank of England and if policymaker, pose a possible cut in interest rates of the central bank, for this you have to vote, was told the Financial Times by Gertjan Vlieghe who will present the vote on this measure, only for him depends on the economy and its functionality once in December elections were held, these rates the use banks and lenders with whom they establish the costs of loans, may affect everything, starting from mortgages, commercial loans and businesses and individuals will have a great impact.

Already there are several who are willing to these reduction and Vileghe is one of these, policy maker number 3 at the end of this month is the availability of that reduction is made, we have to outgoing Governor Mark Carney said he was ready to exercise rapid measures to address economic weakness, also he said that having such a limited space to lower the rate of the bank, if proven persistent activity that follows will be a rapid response by risk considerations.

What can we know about the Bank of England and the rate cut?

The uncertainty of the trade agreement or moderate global growth remain above the demand, my inclination will be the vote for the short-term cut, said by Silvana Tenreyro, also a member of the MPC, certainly the 3 members took great care in their respective opinions , where the data for these are of great importance, on January 30 another decision has to be made, in November the previous time the committee met, only 2 members voted to cut rates.

Because the risks are there persistent for the economy, Jonathan Haskell vote, by the court also vote Michael Saunders, has not issued comments on his vote, despite that on January 15 will bring us answers, at this time it It has 0.75 percent cuts and 0.25 percent increases, we are talking for the last few years.

We finish our detailed explanation, where we talk about the Bank of England and cut rates, it is expected to be of great importance to all readers.

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