Here's Why the Bank of England Kept Rates Unchanged

There just wasn't enough economic data since the June 23 Brexit vote to justify a Bank of England rate cut on Thursday, according to one expert.
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There just wasn't enough economic data since the June 23 Brexit vote to justify a Bank of England rate cut on Thursday, according to one expert.  'At BNP, we had a forecast that they would cut 25 basis points,' said Stewart Warther, a U.S. equity and derivative strategist at BNP Paribas, adding that the positive response to assets around the world and the swift change in UK leadership following the vote put less pressure on central bankers to pull the trigger. Though most BOE members expect a loosening of policy at the bank's next meeting on August 4. TheStreet's Scott Gamm reports from Wall Street.