BoE signals further rate cut despite stronger-than-expected data

Stand-by
Steady as she goes: BoE votes to hold rates...for now

The Bank of England's monetary policy committee expects a further rate cut this year, despite the package of measures launched last month seeming to have given the economy a bigger jolt than expected.

In a unanimous vote today (September 15), the MPC decided to keep the bank rate at 0.25% while maintaining its current programme of corporate and government bond purchases.

Kristin Forbes and Ian McCafferty, who had opposed the increase in gilt purchases last month, still believed the current

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