No fireworks as Bank of England keeps rate options open
Rates remain on hold as BoE balances domestic strength with signs of weakness overseas
The Bank of England (BoE) chose to remain cautious while keeping its options open as it held monetary policy steady today (November 5).
In an indication of the overall dovish stance, the MPC voted 8-1 to keep rates at 0.5%, but governor Mark Carney noted competing forces were at play during his press conference.
Samuel Tombs, chief UK economist at Pantheon Macroeconomics, told Central Banking he is "a little surprised" no other members switched their votes. Ian McCafferty once again voted for a
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