UK Central Bank announces monetary policy decision Cuts policy rate Focus on Jan 30 at 4:30
With the EU moving away from the European Union the next day, the central bank of the Bank of England will release its monetary policy decision on Wednesday. This time, the uncertainty about the future of the EU withdrawal has led companies to refrain from investing and the economic downturn continues, so the focus is on whether to cut the policy rate.
In the UK, the economic downturn has continued due to uncertainty about the future of the EU withdrawal, as companies are holding back on investment and prices are weakening.
The Bank of England, the Bank of England, will release its monetary policy decision on Tuesday, with a focus on whether to cut the current 0.75% policy rate to support the economy.
The Bank of England decided to cut interest rates in August 2016, shortly after the referendum decided to leave the EU, as economic uncertainty increased.
However, since then, we have implemented "rate hikes" twice to prevent excessive inflation due to the fall in the currency pound, and if we take the "rate cuts" this time, it will be the first time in about three and a half years.