The Doves have it the Doves have itMake Text Bigger
The Bank of England Monetary Policy Committee have voted unanimously to hold the Bank Base Rate at 0.75% for another month.
From the meeting notes below this seems to be a holding pattern due to uncertainty around how, when and even possibly if the UK will leave the European Union. Along with other factors such as continued softening of Global growth and trade and maximum forecast UK GDP growth in the medium term of 1.6%.
There is always the risk that political pressure may be put on the Bank of England to support Sterling and increase interest rates should there be an unpriced fall due to any unpredictable political changes.
Summary of MPC meeting:
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