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Bank of England holds interest rates at 0.5% at its first meeting of 2018





Mark Carney

  • The Bank of England left interest rates unchanged at 0.5% on Thursday.
  • It was the BoE’s first monetary policy decision of 2018
  • Policy was widely expected to remain unchanged, although the bank is expected to raise rates once or twice this year.
  • Bank signals that policy may be “tightened somewhat earlier and by a somewhat greater extent over the forecast period” if UK economy continues to grow.

LONDON — The Bank of England left interest rates unchanged at 0.5% at the first meeting of its Monetary Policy Committee in 2018, it was announced on Thursday.

The MPC voted unanimously in favour of leaving rates unchanged, read more >>>

Source:: BusinessInsider.Com

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