Gloomy BOE refuses to join global easing bandwagon

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I could not help but feel a familiar sense of deja-vu from Thursday’s Bank of England (BOE) policy meeting which was a non-event.

The central bank left interest rates unchanged at 0.75% as widely expected, expressed concerns over slowing global growth, trade uncertainty and most importantly Brexit. Despite all these warnings and downgrade to the third quarter growth outlook, the BOE still refused to join the chorus of central banks easing monetary policy.

Should Brexit uncertainty continue squeezing vitality out of Britain, the BOE will be forced to turn on the monetary… Read More:

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