Interest rates held at 0.25%

Robyn Ashman

September 15, 2016

The Bank of England has voted to leave interest rates at 0.25% for a second month running.

It has also left its quantitative easing programme unchanged, at £435bn.

The decisions were unanimous with the MPC voting 9-0.

The hold was widely anticipated however a further cut is expected by November.

A Reuters poll released earlier today found that a majority of economists believe the rate will be cut to just 0.1% in two month’s time.

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