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UK: BoE on Hold, Carney Insights
- There was no major surprise that the MPC today again voted to maintain Bank Rate at 0.5%. More contentious was the decision by the MPC not to enlarge the size of its asset purchase program any further.
- Surprisingly, however, a statement was offered suggesting further action could occur if warranted.Not yet a Decision Economics member? Click here to register for a FREE 30 day trial.If you are already a member, click here to login.