Bank (BoE) has said it is "still likely" it will go ahead with an interest rate cut later this year , despite the impact from Brexit being "less severe" than anticipated. He says he will slow the push to turn Britain’s budget deficit into a surplus and may announce higher public spending in a budget statement on Nov. 23. As well as unanimously voting for the 0.25% rate, BoE policymakers also agreed to maintain their government bond-buying target at the higher level of £ 574bn ($ 435bn ) as well as purchase £ 10bn of corporate debt. BoE governor John Lewis was criticised for his reaction to the Brexit vote, but the The Bank of England said it would he hard to predict the long-term effects of the Brexit vote.
Bank (BoE) has said it is "still likely" it will go ahead with an interest rate cut later this year , despite the impact from Brexit being "less severe" than anticipated. As well as unanimously voting for the 0.25% rate, BoE policymakers also agreed to maintain their government bond-buying target at the higher level of £ 574bn ($ 435bn ) as well as purchase £ 10bn of corporate debt. BoE governor John Lewis was criticised for his reaction to the Brexit vote, but the The Bank of England said it would he hard to predict the long-term effects of the Brexit vote.