Please try another search
Investing.com - Minutes from the Bank of England's most recent policy meeting released Wednesday showed that the Monetary Policy Committee voted 7-2 to keep rates on hold and its quantitative-easing program unchanged.
The minutes show seven members were in favor of leaving the key interest rate at a record low of 0.5% and making no changes to the central bank's £375 billion asset-purchase program.
However, dissenting members Martin Weale and Ian McCafferty voted for a 0.25% hike in the benchmark rate to 0.75% for the third consecutive meeting.
According to the minutes, policymakers see weak price pressures and low wage growth and that the CPI outlook doesn’t justify a rate increase.
The minutes added that some MPC members see signs that U.K. growth is losing momentum.
GBP/USD was trading at 1.6016 from around 1.6065 ahead of the announcement, while EUR/GBP was at 0.7922 from 0.7902 earlier.
Meanwhile, European stock markets were mostly lower. London’s FTSE 100 shed 0.3%, the DJ Euro Stoxx 50 dipped 0.55%, France’s CAC 40 lost 0.25%, while Germany's DAX slumped 0.15%.
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.