Holding the rates steady is the least the BOE could do. After Brexit the rates will go down to prop up the economy.
Any hope Bank of England officials may have had of escaping from Brexit limbo this month has been dashed. The Monetary Policy Committee’s next interest-rate decision will be announced on Thursday, just a week before the U.K.’s planned March 29 exit date from the European Union. While any kind of delay -- which would still need to be approved by the European Union -- would help avoid the worst-case scenario of a no-deal exit, it’s unlikely to lift the “fog of Brexit” that Governor Mark Carney spoke of last month. Against that backdrop, all 20 economists surveyed by Bloomberg say the nine-member MPC will vote unanimously to keep ... (full story)
DislikedIts called correction or manipulation in other words. Investors are just waiting for a 1929 crash look alike to come along.... then a silly war that nobody will enlist to kill themselves.Ignored