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Economic News

20 June 2019, 11:19

The Bank of Egland (BoE) announced its Monetary Policy Committee (MPC) voted unanimously to maintain Bank Rate at 0.75 percent at its latest meeting. The MPC also voted unanimously to maintain the corporate bond purchases at £10 billion and UK government bond purchases at £435 billion.

20 June 2019, 10:57

Bill Diviney, the senior economist at ABN AMRO, suggests that, despite aggressive pricing for Fed rate cuts, the FOMC statement and a dovish Chair Powell press conference appeared to more than satisfy market expectations, with bond yields moving lower and equities pushing higher.

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