Bank of England Holds Key Interest Rates Steady
he central bank's Monetary Policy Committee voted seven to two to keep the rates steady
The Bank of England has held key interest rates steady at 0.25% Thursday, sending the pound up in midday trading as it hints at rate hikes.
The central bank's Monetary Policy Committee voted seven to two to keep the rates steady despite a spike in inflation reported earlier this week.
The committee voted unanimously to maintain the stock of pound-denominated non-financial investment-grade corporate bond purchases at £10 billion ($13.25 billion) and to maintain the stock of UK government bond purchases at £435 billion.
The pound gained after the decision was made, up 0.72% against the dollar $1.3305.
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