Loading…
The Bank of England held its benchmark rate at a record low of 0.25% and kept its bond purchase programmes unchanged, with all committee members voting in favour. The bank forecast fourth-quarter 2016 GDP growth of 0.4% and expected inflation to reach its 2% target within six months.
Steady UK rates and continued asset purchases keep sterling under pressure, which can raise UK feed costs for dollar-priced imports.
rttnews.comRTTNews Staff WriterDec 15, 2016Not 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.
