U.K. Interest Rate Decision Unchanged At 5.25% Vs. 5.50% Est.
Portfolio Pulse from Benzinga Newsdesk
The U.K. has decided to keep its interest rate unchanged at 5.25%, against an estimated 5.50%.
September 21, 2023 | 11:10 am
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NEUTRAL IMPACT
The unchanged interest rate in the U.K. may impact the iShares MSCI United Kingdom ETF (EWU).
The decision to keep the interest rate unchanged in the U.K. could have an impact on the iShares MSCI United Kingdom ETF (EWU), as changes in interest rates can affect the value of the assets held by the ETF. However, the exact impact is uncertain and depends on various factors, including the specific assets held by the ETF and the overall market conditions.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75