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The central bank is not normally in the business of easing into an economy that is showing few signs of a recession, generally holding fire until more pronounced signs of a...The Fedread more
Bank of England (BOE) Governor Mark Carney held his routine press conference following a Monetary Policy Committee (MPC) decision to hold interest rates steady at 0.25 percent.
The central bank largely stuck to its previous assumptions for growth and inflation over the three-year forecast horizon.
The Monetary Policy Committee (MPC) voted by a majority of 6-2 to keep rates at record low levels in August. Meantime, the BOE maintained stock levels of government bonds and corporate bonds at £435 billion and £10 billion respectively.