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Bank of England Continues to Hold

The Bank of England met today to discuss and vote on monetary policy. The Bank decided to hold the benchmark interest rate at the record low of 0.5%, and the stimulus program unchanged at £375bn. 


(source: tradingeconomics.com)

Economic conditions did improve, but inflation is low, so there is room to wait further before a rate hike. Markets are expecting the rate hike to be in 2015.