BoE holds rate at Carney’s last MPC meeting
Carney says he has “no regrets” on monetary policy as MPC cuts growth forecast
The Bank of England left its policy rate on hold today (January 30), in a decision that proved to be less of a close call than many investors had predicted.
Market pricing earlier this week had implied a 50% chance of a cut, but ultimately only two members of the monetary policy committee backed a cut, the same as the previous two meetings. Many observers had expected Gertjan Vlieghe to join Jonathan Haskel and Michael Saunders in dissenting.
The BoE’s main rate therefore remains at 0.75%
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