# Monetary Policy Report - November 2019 | Bank of England – the UK's central bank

> The Bank of England's November 2019 Monetary Policy Report held rates unchanged and cut its UK growth forecasts, citing Brexit uncertainty and a slowing global economy. It said a Johnson Brexit deal would leave the UK worse off than previous assumptions.

- Date: 2019-11-07 · published 2019-11-07T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/56318-monetary-policy-report-november-2019-bank-of-england-the-uk-s-central-bank
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Weaker UK growth and possible future rate cuts point to softer sterling and modest demand weakness, with limited direct effect on feed commodity prices.

## Sources

- bankofengland.co.uk: https://www.bankofengland.co.uk/monetary-policy-report/2019/november-2019

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.