Posted on July 08th, 2009 in Currency Trading News
The BoE is expected to keep their benchmark interest rate at 0.50% as remaining downside risks to growth will most likely lead the central bank standing pat until the end of 2009. Fundamental Outlook The BoE is expected to keep their benchmark interest rate at 0.50% as remaining downside risks to growth will most likely lead the central bank standing pat until the end of 2009. Although, we are seeing global leaders at the G-8 meeting talk about developing an exit strategy from the current easing cycle, there is a consensus that it is still too soon to consider executing it.