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The Bank of England's Monetary Policy Committee voted unanimously to keep Bank Rate at 0.75%, with corporate bond purchases held at £10 billion and gilt purchases at £435 billion. The February Inflation Report conditioned its projections on a smooth Brexit transition and market-implied rate paths.
Holding rates and asset purchases steady keeps UK financing costs and sterling stable, with limited direct impact on feed commodity prices.
bankofengland.co.ukFeb 7, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
