BoE signals extra slack as it revises growth outlook upwards

Mark Carney
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The Bank of England (BoE) signalled a willingness to keep rates on hold for longer as it revealed its monetary policy decision today (February 2), with the UK labour market showing "strikingly" low pay growth.

The policy rate remains on hold at 0.25%, with quantitative easing purchases held at £435 billion ($545.3 billion) of government bonds and £10 billion of corporate bonds. The decision was widely anticipated, but governor Mark Carney's relaxed language about the outlook appears to have been