BoE unanimously backed rate hold
The Bank of England's Monetary Policy Committee (MPC) voted unanimously to keep rates at steady at 0.5% in March following continued uncertainty in the UK economy.
The Bank also maintained the stock of asset purchases financed by the issuance of central bank reserves at £200 billion ($ equivalent).
The decision to keep the bank rate at 0.5% follows a rise in CPI inflation to 3.5% in January. The governor's open letter to the chancellor of the exchequer identified the restoration of the standard
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