As expected, the Bank of England's policy decisions were non-events as it kept both the Bank Rate and stock of purchased assets unchanged at 0.50% and GBP375bn, respectively. Both votes were unanimous (9-0). Due to the UK's upcoming EU in/out referendum, the minutes attracted more attention and both 'referendum' and 'uncertainties' are mentioned several times. In other words, the minutes show that the BoE will do nothing ahead of the UK's EU in/out referendum.
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