Home / Market Update / Forex Market / BOE hikes policy rate by 50 bps to 1.75% as expected

BOE hikes policy rate by 50 bps to 1.75% as expected

Following its August policy meeting, the Bank of England announced that it raised the policy rate by 50 basis points to 1.75% as expected.

The policy statement revealed that Monetary Policy Committee (MPC) member Silvana Tenreyro voted to hike the rate by 0.25 basis points.

Check Also

The Euro’s Moment? Weak US Data and ECB Action Set the Stage

The euro strengthened against the US dollar, with the EUR/USD pair climbing above 1.14. This …