Economists are increasingly expecting major central banks to delay rate hikes until later in 2016, which itself could be a form of stimulus, the Bank of England (BoE) noted as it kept rates on hold today (October 8).
As in other recent meetings, the monetary policy committee (MPC) was split 8-1 in favour of holding interest rates at 0.5%. Ian McCafferty was once again the sole dissenting voice, calling for a 25 basis-point hike to counter the effects of rising labour costs.
Short-term interest r
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