BoE keeps bank rate at 0.5%
The Bank of England has held UK interest rates at a record low of 0.5% for another month.
The size of the quantitative easing programme was also unchanged at £375bn.
Debate over the timing of a rate rise has intensified, with Bank governor Mark Carney hinting recently that it could come by the end of this year. Research published today on Financial Reporter showed that brokers expected a rate rise this year, with 36% believing it would happen before the end of the year.
The minutes of the meeting will be published at 9.30 a.m. on Wednesday 20 August.
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