BoE hikes rate for first time in 3 years; retreating oil prices may allow for more options ahead
The Bank of England indicated Thursday that the sharp decline in energy prices after the U.S. midterm elections - if sustained - could limit the prospect of further interest rate hikes in the coming months.
TL;DR
- The Bank of England noted a sharp decline in energy prices.
- This decline occurred after the U.S. midterm elections.
- If sustained, the falling energy prices could limit future interest rate hikes.
- The bank may have more options regarding interest rates in the coming months.