|
Bank of England (BOE) Interest Rate Statement
Definition: The Bank of England (BOE) Monetary Policy Committee releases its decision on the level of near term interest rates (base rate). Interest rates are usually raised to combat inflation and lowered to stimulate economic growth or fight deflation.
Additional Info: MPC interest rate decisions are published with commentary which gives traders an insight into the thinking behind the decision making process. Interest rate changes can have an immediate and violent effect on currency rates and share prices. Related Terms: ECB Interest Rate Announcement - FOMC Interest Rate Statement - BOE Meeting Minutes - BOE Quarterly Inflation Report - BOE Quarterly Bulletin
Did you find this definition helpful? Webmasters can add it to their site completely free! Just copy and paste the code below into the HTML code of the page where you would like 'BOE Interest Rate Statement' to appear. It will be displayed in the form of a blue underlined link.
|