As widely expected, the Bank of England kept its policy rate on hold today. Not much news was offered as the central bank is waiting for news surrounding the UK’s withdrawal from the European Union. As widely expected, the Bank of England kept its policy rate on hold today. Not much news was offered as the central bank is waiting for news surrounding the UK’s withdrawal from the European Union. Bank of England (BoE) kept both the Bank Rate and the bond purchase programme unchanged. This was widely expected after the central bank hiked the policy rate with 25 bp to 0.75% at the latest meeting in August. The only ... (full story)