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BOE Bank Rate maintained at 0.50%
Our Monetary Policy Committee has voted unanimously to maintain Bank Rate at 0.50%. The committee also voted unanimously to maintain the stock of corporate bond purchases and UK government bond purchases. The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 13 December 2017, the MPC voted unanimously to maintain Bank Rate at 0.5%. The Committee voted unanimously to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed by the issuance of ... (full story)
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BOE Holds Interest Rate, Sticks to Outlook for Modest Tightening
Bank of England policy makers left interest rates unchanged on Thursday, moving into a holding pattern after November saw their first hike in a decade. The Monetary Policy Committee reiterated that “further modest increases” in the key rate would probably be needed over the next few years if the economy performed as expected, without providing additional detail on the timing. The rate was held at 0.5 percent, as predicted by all economists in a Bloomberg survey. The rate decision was unanimous, marking the first time the nine policy makers have been in agreement since February. Markets aren’t pricing in another ... (full story)