BoE offers measured optimism but warns of “false dawns”
The Bank of England's Monetary Policy Committee is cautiously upbeat on economic conditions, minutes of its September meeting suggest.
The minutes reveal the committee voted unanimously to maintain bank rate at an all-time low of 0.5% and to keep the asset purchase programme at £175 billion ($287 billion).
The minutes say the decision in August to expand the asset purchase programme by £50 billion led to a drop in gilt yields and rises in equity prices as a result of higher earnings forecasts
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