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Interest rates left at 0.75% amid signs of rebound for UK economy

Thu Jan 30, 2020
watermark Economic news

Today, the Bank of England held a meeting, at which left rates unchanged at 0.75%. Representatives of the Central Bank noted that there is no need for additional incentive measures, as the British economy began to show signs of accelerating growth. At the same time, two out of nine Bank of England officials, Michael Saunders and Jonathan Haskell, again voted to lower rates.


The regulator also said that it was ready for changes in monetary policy after the departure of Central Bank head Mark Carney in March. His place will be taken by Andrew Bailey, head of the Office of Financial Regulation and Supervision. 


If the British economy continues to show a visible acceleration of growth, it may require «some modest tightening» of monetary policy, said the representatives of the Bank of England. 


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