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Bank of England leaves interest rates unchanged — but signals it is close to a hike





Mark Carney

LONDON — The Bank of England left policy unchanged once again, following the September meeting of its Monetary Policy Committee.

That means rates staying at a record-low 0.25% and the bank’s QE programme capped at a maximum of £435 billion.

It had been expected that the Old Lady of Threadneedle Street would leave both interest rates and its bond-buying programmes unchanged.

The committee voted to leave rates unchanged by seven votes to two.

Newly appointed MPC member Sir Dave Ramsden used his first vote to back leaving rates unchanged.

While it did not change policy, the majority of members of the committee said that read more >>>

Source:: BusinessInsider.Com

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