Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

The Bank of England has kept unchanged the rate and volume of asset purchases

August, 05 2021
watermark Economic news

The Bank of England on Thursday left its target for asset purchases unchanged (at £ 895 billion) and kept its key rate at a record low of 0.1%. The volume of purchases of corporate bonds worth £ 20 billion also remained unchanged.

At the same time, the regulator gave comments on how it will begin to «wean» the economy from generous pandemic support. In particular, the Bank of England intends to reduce its stocks of bonds when the interest rate reaches 0.5%, abandoning reinvestment, and will consider the possibility of actively selling bonds when the rate reaches at least 1%.

The regulator's decision was unexpected for market participants, despite the acceleration of inflation after the lockdown was canceled.

Inflation in Britain jumped to 2.5% in June, and the central bank in a new set of forecasts said that price increases will accelerate in the coming months, increasingly exceeding the 2% target. Also, according to forecasts, inflation will peak at 4.0% in late 2021-early 2022, which will be the highest in 10 years.


ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.

© 2015-2024 Tradomart SV Ltd.
Top Top