Central Banks

Bank of England Governor Mark Carney on UK economy, rate decision

BOE's Carney: Consequences of sterling fall have had real impact

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.

BOE's Carney: MPC predicts near-term sluggish growth