BoE holds interest rates as MPC members differ over risks
MPC points to signs of stronger recovery but also uncertainties around household spending
The Bank of England’s monetary policy committee unanimously voted to leave interest rates on hold at 0.1% today (March 18), remaining cautious about the UK’s economic recovery.
The MPC also left the BoE’s £895 billion ($1,248.3 billion) quantitative easing programme unchanged. In its statement, the committee said the outlook, and particularly the relative movement in demand and supply during the recovery from the pandemic, remained “unusually uncertain”.
“The news on near-term economic
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