Bank of England stays on hold in May, hints that a ‘smooth’ Brexit could see rates increase
|05/11/2017||Posted by BusinessMediaguide.Com under General World News||
LONDON — The Bank of England stayed on hold for another month in May, leaving interest rates at a record low of 0.25% and the bank’s QE programmes capped at £435 billion.
Following Wednesday’s meeting of its Monetary Policy Committee, the BoE decided to keep the ship steady, despite rising inflation in Britain leading some to call for a rate hike.
The committee voted 7-1 in favour of leaving rates on hold, with notorious hawkish Kristin Forbes the only dissenter. (The MPC is currently just eight members instead of the usual nine after the abrupt resignation of new deputy governor Charlotte read more >>>