BoE holds rates at 0.25% but further cut possible later this year

The Bank's Monetary Policy Committee (MPC) voted unanimously by 9-0 to keep rates at 0.25%, after they were cut from 0.5% last month, and continue its asset purchase programme. In the minutes of its latest meeting, the MPC said since its August Inflation Report, a number of indicators of near-term economic activity in the UK have been somewhat stronger than expected. "The Committee now expect less of a slowing in UK GDP growth in the second half of 2016," it said. It anticipates CPI inflation to rise to around its 2% target in the first half of 2017, consistent with the August Infl...