Bank of England holds interest rates and asset purchases

Bank of England and Stock Exchange
Rachael King

The Bank of England’s monetary policy committee voted to leave interest rates and the size of its bond-buying programme unchanged today (June 24), despite an uptick in inflation.

According to the BoE’s latest data, 12-month CPI inflation rose to 2.1% in May from 1.5% in April. This is above the central bank’s 2% target and 0.3 percentage points higher than the BoE’s May inflation forecasts.

The MPC voted 9–0 to leave interest rates on hold at 0.1%, and 8–1 to keep the BoE’s asset purchase

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