Open Demo Account
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

Adel 4 August, 2022 3:15 pm Forex Market, Market Update

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.

Tags

Check Also

Oil Snaps 3-Day Rally as Israel-Lebanon Ceasefire and Profit-Taking Offset Record U.S. Export Surge

Key Takeaways Oil eases: Brent fell 1% to $96.87 per barrel, while WTI dropped 0.8% …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends