Central Bank Impressions

The Bank Re-Focuses On Brexit’s Long-Term Impact

Europe

At its last monetary policy meeting, coinciding with the November 2016 Inflation Report, the BOE’s MPC unanimously left its policy stance unchanged (repo rate at 0.25%, APF at £435bn), in line with market expectations. In doing this, the BOE backtracked from indications provided in August, when a very generous stimulus package was delivered and the MPC suggested that an additional rate cut (from 0.25% to 0.05% - 0.1%) could be made before year's end.

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