BoE lifts rates despite signs of a global weakening

Bank of England and Stock Exchange
Rachael King

The Bank of England’s monetary policy committee (MPC) voted unanimously to raise interest rates today (August 2), despite concerns over wages and questions of a softening global economy.

“With domestically generated inflation building and the prospect of excess demand emerging, a modest tightening of monetary policy is now appropriate,” governor Mark Carney said at a press conference.

In its decision, the MPC voted to raise rates to 0.75% and maintain the stock of bond purchases at £445

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: