Analysts at Australia and New Zealand Banking Group (ANZ) express their views on the Bank of England's (BoE) monetary policy decision announced on Thursday.

• “The BoE left interest rates unchanged, but noted that if Brexit uncertainty continued, this would likely dampen the domestically generated inflation pressures.
• The BoE might be late to the party, but it was dovish, cautious about growth and starting to lay the framework for future rate cuts.
• Sterling was unmoved, but leapt later when EC President Juncker expressed optimism about a Brexit deal, saying he wasn’t wedded to the Irish backstop as long as its objectives were met.”