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

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

Economic Analysis

06 June 2013

Comment from Stephen Boyle, Head of RBS Group Economics:

"May’s bounce in manufacturing and services activity squashed any chance of the MPC shifting policy levers. The question is whether this new momentum is sustainable, not least given continuing problems in the Eurozone. If so, the job of getting the economy back to "escape velocity" for in-coming Governor Mark Carney will be a lot easier."

 

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