Bank of England's Decision Day
It's 'Super Thursday' for Governor Mark Carney
The Bank of England Thursday kept its key interest rate steady at a historic low of 0.25% and has maintained government bond purchases at £435 billion and corporate bond purchases at £10 billion.
The pound fell sharply against the dollar after the BoE cute its growth forecasts. The currency was down 0.43% to $1.3169 in the minutes after the release.
The central bank now expects the economy to grow by 1.7% this year, down from a previous forecast of 1.9%. The growth forecast for 2018 was also cut to 1.6%, down from a previous estimate of 1.7%.
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