After the interest rate meeting, the Bank of England announced that it will maintain the benchmark rate at 0.1% and the GBP 895 billion bond purchase plan unchanged, in line with market expectations. The statement after the meeting pointed out that the current monetary policy is still appropriate, and the economy is expected to recover quickly within the year, and as economic activities increase, the idle production capacity in the economy will be eliminated. In addition, the Central Bank also stated that it is now appropriate to prepare for the implementation of negative interest rates when necessary. However, this will not be implemented for at least 6 months. Due to the impact of tightening restrictions to prevent the epidemic, the central bank lowered its forecast for this year’s economic growth to 5%, versus the previous estimate of 7.25%, and pointed out that the economy and inflation are still far below the target, so it is ready to take further actions to assist economic recovery and ensure that inflation is back to the 2% target.
Service relating to Over-the-counter (OTC) Gold Bullion/Silver trading is provided by MOL. OTC Gold/Silver Bullion trading carries a high degree of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. OTC Gold/Silver Bullion is not regulated by the Securities and Futures Commission (""SFC"") and therefore trading OTC Gold/Silver Bullion will not be subject to rules or regulations promulgated by the SFC. Before deciding to trade OTC Gold/Silver Bullion you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain losses in excess of your deposited fund or even more in extreme circumstances and therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading OTC Gold/Silver Bullion, and seek advice from an independent financial advisor if you require.