BoE rate call looms, Asian shares firm as oil rebounds for now

Epic Research Update : Asian Markets



Investors are counting on the Bank of England to cut interest rates to a record low 0.25 percent later on Thursday to support an economy that has slumped since the Brexit vote.

The expected BoE cut would be the first since 2009 as Britain’s economy teeters on the brink of recession.
Many market players also believe the BoE may resume its multi-billion-pound quantitative easing program of government bond purchases.
Japan’s Nikkei rose 0.6 percent from Wednesday’s three-week lows.

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