The 'BoE Interest Rate Decision' is a monetary policy event where the Bank of England (BoE) sets the benchmark interest rate, influencing borrowing costs and economic activity in the UK. It is crucial for controlling inflation and stabilizing the economy, impacting consumer spending, business investment, and the value of the British pound. Financial markets closely watch this decision as it affects bond yields, stock prices, and currency exchange rates, with changes often leading to significant market volatility.
The 'BoE Interest Rate Decision' is a monetary policy event where the Bank of England (BoE) sets the benchmark interest rate, influencing borrowing costs and economic activity in the UK. It is crucial for controlling inflation and stabilizing the economy, impacting consumer spending, business inv...