MPC keeps Bank Rate unchanged

MPC keeps Bank Rate unchanged

Monetary Policy Committee (MPC) keeps the Bank Rate unchanged at 0.5%.

"UK policy rates are stuck fast. Even though inflation is higher than the Monetary Policy Committee would like, it has to take very seriously the risk that weak Q1 GDP numbers and yet more turbulence in the Eurozone could be catalysts for below target inflation, and growth, in future. With so much changing right now the Committee is waiting to see how things settle. The balance may start to swing back to the doves, but we'll find out the whole story in next week's Inflation Report."

Fionnuala Earley, UK Consumer Economist

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