The governor of the Bank of England says the Monetary Policy Committee voted to 8-1 to hold the interest rate at 0.5%. It also voted unanimously to preserve the stock of asset purchases at £375bn and re-affirmed its expectation that when rate increments occur they can be expected to be limited and gradual. However, he adds that the time for a rate rise was “drawing closer”Continue reading...
Source: theguardian.com