The BOE voted unanimously to keep interest rates unchanged at 0.5% at its meeting earlier this...

|By:, SA News Editor

The BOE voted unanimously to keep interest rates unchanged at 0.5% at its meeting earlier this month, the minutes show, and 9-0 to not add to its bond-buying program. The bank predicts that the economy will contract in Q4 but remain flat beyond that, and that inflation will remain above its 2% target in the next year or so. The BOE also expressed concern that the strong pound is hurting the economy. (PR)