Bank of England set to hold rates?

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.