The Bank of England’s forward-looking monetary policy

The Bank of England left interest rates unchanged at 0.75% and will maintain purchases of corporate and government debt to ensure ample liquidity in financial markets and a sufficient degree of monetary accommodation. The monetary policy report outlined risks to the outlook and noted the adverse impact of Brexit, rising risk of protectionism and a slowing global economy. The IMF pared back its forecast for global growth in the previous three World Economic Outlook.