BOE united in keeping policy on hold

|By:, SA News Editor

The Bank of England's Monetary Policy Committee voted unanimously to keep interest rates at 0.5% and against more quantitative easing at a meeting earlier this month.

In light of the MPC's forward guidance, it has agreed to reinvest £1.9B of cash flows associated with the redemption of the September 2013 gilt held in the bank's Asset Purchase Facility.

The pound spikes vs the dollar and is +0.3% to $1.5949, while the FTSE barely shrugs and is +0.1%. (PR)

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