Bank of England holds interest rates at 0.75%

In his final MPC meeting as the governor of the Bank of England, Mark Carney, along with six other members of the committee voted to hold interest rates at their current level, with Jonathan Haskel and Michael Saunders as the only dissenters, preferring a 25 basis point cut. The committee voted unanimously to maintain the bank's quantitative easing policy at £435bn, and also to maintain the corporate bond purchase scheme at £10bn. Addressing slowing GDP growth, the committee said this reflects weaker global growth and elevated Brexit uncertainties. However, the MPC expects UK GDP grow...