9-0: Bank of England leaves monetary policy unchanged
|12/15/2016||Posted by BusinessMediaguide.Com under General World News||
LONDON — The Bank of England left monetary unchanged at the December meeting of its Monetary Policy Committee, it was announced on Thursday.
The bank left its key interest rate unchanged at 0.25%, a record low that has been in place since rates were cut in August following the UK’s vote to leave the European Union.
The MPC voted 9-0 in favour of leaving rates unchanged, as well as leaving the bank’s quantitative easing programme unchanged at a maximum of £435 billion — a combination of the £375 billion of QE completed before August, and the £60 billion announced post-Brexit read more >>>