BoE Minutes: MPC Unanimously Voted To Hold Rate, Continue GBP 175 Bln Asset Purchase Scheme

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Bank of England's policymakers unanimously decided to hold the Bank Rate at 0.5%, the minutes of the meeting showed Wednesday. The meeting was held on September 9 and 10.

All nine policymakers stood united in deciding to continue with the asset purchase programme totaling GBP 175 billion using the central bank reserves.

The MPC assessed that the near-term downside risks to economic activity had lessened during the month. Further, BoE said inflation would be probably higher in the short-term than the MPC had thought a month ago, though it was still likely to be extremely volatile.

Bank of England's policymakers unanimously decided to hold the Bank Rate at 0.5%, the minutes of the meeting showed Wednesday. The meeting was held on September 9 and 10. (Market News Provided by RTTNews)