U.K. Interest Rate Decision For August 5.25% Vs. 5.25% Est.; 5% Prior
Portfolio Pulse from Benzinga Newsdesk
The Bank of England has decided to keep the U.K. interest rate at 5.25%, which is in line with estimates, but higher than the previous rate of 5%.
August 04, 2023 | 12:54 pm
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NEUTRAL IMPACT
The decision to keep the U.K. interest rate at 5.25% may impact the iShares MSCI United Kingdom ETF (EWU), as it reflects the performance of the U.K. economy.
The interest rate decision by the Bank of England can influence the performance of the U.K. economy, which in turn can affect the value of the iShares MSCI United Kingdom ETF (EWU). However, as the decision was in line with estimates, the impact may be neutral in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75