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Bank Rate maintained at 0.75% - September 2018
The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 12 September 2018, the MPC voted unanimously to maintain Bank Rate at 0.75%. The Committee voted unanimously to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central bank reserves, at £10 billion. The Committee also voted unanimously to maintain the stock of UK government bond purchases, financed by the issuance of central bank reserves, at £435 billion. In ... (full story)
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Bank of England holds rates steady at 0.75 percent, sees greater Brexit uncertainty
The Bank of England kept interest rates on hold on Thursday and highlighted greater financial market concerns about Brexit, a month after raising borrowing costs for only the second time in more than a decade. The BoE said its nine rate-setters voted unanimously to hold rates at 0.75 percent, in line with economists' expectations in a Reuters poll, and said there had been limited domestic developments since its Aug. 2 meeting, other than on Brexit. "Since the Committee's previous meeting, there have been indications, most prominently in financial markets, of greater uncertainty about future developments in the (EU) ... (full story)
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