BoE opens door to May rate hike
MPC votes to keep current policy stance, but notes more positive inflation outlook
The Bank of England forecasts inflation is likely to return back to the 2% target sooner rather than later, as policymakers hint interest rates could rise as soon as May.
Today (February 8), the BoE’s monetary policy committee voted unanimously to leave interest rates on hold at 0.5%, as well as to maintain the stock of corporate and government bond purchases at £10 billion ($14 billion) and £435 billion, respectively.
However, a more favourable outlook for inflation and growth thanks to an
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