# Bank Rate maintained at 0.75% - December 2018 | Bank of England – the UK's central bank

> The Bank of England's Monetary Policy Committee voted unanimously to keep Bank Rate at 0.75% and to hold its corporate and government bond purchase programmes unchanged. The committee said global growth has softened, financial conditions have tightened, and Brexit uncertainty has intensified. It also noted that lower oil prices should support demand and push UK CPI inflation below 2% in coming months.

- Date: 2018-12-20 · published 2018-12-20T12:00:00.000Z
- Category: macro · region UK · magnitude medium
- Page: https://feedsoft.ai/events/61813-bank-rate-maintained-at-0-75-december-2018-bank-of-england-the-uk-s-central-bank
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A steady rate with a weaker growth outlook tends to weigh on sterling against the dollar, which affects the cost of US dollar-priced feed ingredients for UK buyers. Lower oil prices also reduce energy and freight costs.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- bankofengland.co.uk: https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2018/december-2018

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