United Kingdom feb BoE bank rate stays flat at 0.5 % (fcast 0.5 %) vs prev 0.5 %

Market news

8 February 2018

United Kingdom feb BoE bank rate stays flat at 0.5 % (fcast 0.5 %) vs prev 0.5 %

Policymakers vote 9-0 to maintain corporate bond purchase target at 10 bln stg (poll 10 bln stg)
Mpc says if economy grows as expected, policy will need to be tightened somewhat earlier and somewhat more than expected in november
Inflation in one year's time at 2.28 pct (nov forecast 2.37 pct), based on market interest rates

Bank of England - current market rate path implies further rise in bank rate to just under 1.2 pct after three years (nov forecast 1.0 pct)

United Kingdom: Asset Purchase Facility, 435 (forecast 435)

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