The Bank of England did not lower the interest rate, determined to wait until August – RIA Novosti

16:38 14.07.2016

(updated: 19:07 14.07.2016 )

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LONDON, July 14 – RIA Novosti, Natalia Kopylova The Bank of England did not take the time to reduce the interest rate in July and decided to wait for his new outlook for the British economy, as well as fresh statistics, then maybe. can follow any change, experts say.

Bank of England on Thursday kept its benchmark interest rate at a record low of 0.5% per annum and confirmed the amount of the purchase of assets from the market in the amount of 375 billion pounds.

Earlier this week, market participants expect that the regulator will resort to lower rates and increase the amount of redemption of assets to support the economy.

In June, immediately after the results of the referendum on Brexit, the Bank of England head Mark Carney said that the new forecast taking into account the consequences of the EU’s output for the British economy will be prepared in August. Currently, he is not yet ready.

“Official data on economic activity, covering the period after the referendum, are not yet available. However, there are tentative signs that the outcome of the referendum influenced the sentiment among households and companies … With these indicators, economic activity is likely to weaken in the near future “, – said in a statement the regulator after a meeting on Thursday

The decisive August

. The next meeting of the Bank of England rate is expected on 4 August. It is from this meeting, experts are waiting for the decisive regulator steps.

British Institute of Directors Economist (Institute of Directors), Michael Martin, commenting on the actions of the regulator on Thursday said that the Bank of England “is playing the” wait and see “.” since the chairman of the (Bank of England) has made it clear after Brexit, that it will act if necessary, the situation looks as if they are waiting to gather more data on what is happening in the real economy before deciding “- he said,

according to him, next week is expected recent data on the financial market, inflation and the labor market, which collectively represent the data for the period before and after the referendum..” These data should help them to form an opinion before meeting next month “, – Martin said

analyst Oxford Economics Martin Beck also said that Carney spoke about the possibility of mitigating this summer monetary policy, but not necessarily in July

..” it is expected that August is the month when we will see a reduction in interest rates “, – he said

According to Beck, the regulator can reduce the interest rate from 0.5% to 0,25%

<.. p> The political risks are removed

According to Merrill Lynch bank analysts, the appointment of a new prime minister and cabinet ministers in the UK earlier than expected, partially lifted the uncertainty regarding the political and economic risks . However, in general, “the picture has not changed much,” and “The UK is still in the very beginning of a long and difficult path,” they say. Formal exit of Britain from the EU will take a few months

“The uncertainty on the future of trade relations with the EU seems to be delayed, which has a negative impact on economic growth,” – said in a research report of the bank

. experts also believe that the “divorce” between Britain and the EU can take place is difficult for both parties.

The new prime minister of Great Britain on Wednesday became the Interior Minister Theresa may. Currently, it forms a new cabinet. Head of the Ministry of Foreign Affairs Mei appointed former Mayor of London Boris Johnson, a staunch eurosceptic. Former British Foreign Secretary Philip Hammond got the post of Minister of Finance.