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Pound Tumbles After BOE Hikes 50bps In 7-2 Vote, Signals Pause At Lower Rate Of 4%

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero ....

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Bank of England Is Latest Central Bank To Taper QE As It Suprcharges Economic Outlook

by Tyler Durden
Thursday, May 06, 2021 - 07:31 AM
First it was the Bank of Canada, now Bank of England has also joined the taper bandwagon, announcing that it would
cut its weekly bond buying (i.e. QE) from GBP4.44BN per week to 3.441BN, while keeping its overall rate and quantiative easing policy unchanged, in a 8-1 split vote with chief economist Andy Haldane voting to cut the BOE s Gilt purchases by GBP50BN to GBP825BN (however, since this is his last month at the BOE, his view is being discounted by the market).
The Monetary Policy Committee voted unanimously to keep interest rates at 0.1% and by a majority of 8-1 to maintain the amount of quantitative easing at £895bn.https://t.co/QWJDoHlg4v#MonetaryPolicyReport#BankRatepic.twitter.com/9LenVPxvpe ....

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