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Preview: BOE On Hold, Oil Prices Cloud Outlook

From efxnews.com

Bank of England policy-makers aren't expected to make any changes Thursday to the U.K. central bank's key interest rate or the size of its stimulus program, but the rising price of oil is making the outlook for monetary policy increasingly uncertain. Economists polled by Dow Jones Newswires unanimously predict that the BOE's Monetary Policy Committee will Thursday keep the central bank's benchmark rate at a record low of 0.5% and the target for its bond-buying stimulus program at GBP325 billion, following a GBP50 billion extension last month. This month's policy meeting comes just days after the third anniversary of ... (full story)

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  • Category: Breaking News