- Bank of England leaves monetary policy unchanged, with its base interest rate remaining at 0.5%.
- Britain's central bank had been widely expected to leave policy unchanged after raising interest rates at its last meeting in November.
- "Any future increases in Bank Rate are expected to be at a gradual pace and to a limited extent," BoE says.
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Bank of England holds rates, hints that more hikes could be on their way
The Bank of England announced its latest policy decisions on Thursday afternoon.
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LONDON — The Bank of England left monetary policy unchanged in December, as had been widely expected.
After raising interest rates for the first time in more than a decade in November, the Old Lady of Threadneedle Street was always set for a quiet month, and that proved so, with the bank leaving interest rates unchanged at 0.5%, and leaving its £435 billion cap in place for its QE programme.
The bank's Monetary Policy Committee voted unanimously to leave rates on hold.
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