Expect 'forceful action' in August: Industry reacts as BoE holds rates at 0.5%
No change to QE programme
Fund managers have warned investors to expect "forceful action" from the Bank of England in August after it held interest rates at 0.5% today, as well as criticising governor Mark Carney for wrong-footing markets by raising expectations of an immediate post-Brexit rate cut.
Their reaction comes after the Bank of England (BoE) left interest rates at 0.5% and made no change to its £375bn quantitative easing programme today, despite economic pressures in the wake of the UK's...
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