BoE minutes show MPC left out rate cut discussion

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The minutes from the latest Bank of England (BoE) Monetary Policy Committee meeting revealed today (August 15) that there was no discussion about a possible rate cut during the August meeting, which saw the current policy position maintained.

The committee debated the possibility of providing more economic stimulus in the form of quantitative easing, but ultimately voted unanimously to leave the bank rate at 0.5% and the asset purchase programme at £375 billion ($588 billion).

The removal of the

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