BoE indicates readiness to do more to stimulate economy

[BoyRacer]

Bank of England indicates readiness to do more to stimulate economy → [citywire.co.uk/money/bank-of … -news-(https://www.citywire.co.uk/money/bank-of-england-indicates-readiness-to-do-more-to-stimulate-economy/a432779?ref=citywire-money-latest-news-list)

Minutes of this month’s monetary policy committee show the Bank of England is not only prepared to keep interest rates at their historic low of 0.5% but find other ways to stimulate the UK economy.

Andrew Sentance remains the only member of the Bank of England’s monetary policy committee who voted for an increase in interest rates. The rest of the MPC increasingly believe more needs to be done to stimulate the economy, even though inflation remains well above target.
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‘For some of those members, the probability that further action would become necessary to stimulate the economy and keep inflation on track to hit the target in the medium term had increased,’ according to the minutes of this month’s meeting released today.**

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