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Bank of England set to hold rates?

by LLB Reporter
13th Sep 18 9:55 am

The Bank of England is set to keep the interest rates on hold, according to industry analysts.

Economists polled by Reuters expect the BoE’s Monetary Policy Committee (MPC) to vote 9-0 to leave interest rates at 0.75 per cent. Most do not predict a further rate rise until after Britain leaves the EU next year.

“The month after a decision, the data are not going to be sufficiently different to get the MPC to move the needle on their anticipated course of policy action,” Nomura economist George Buckley said.

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