BOE Keeps Rate at 0.5% as Oil and Wages Weigh on InflationBy
Central bank sees need for sustained firming in cost pressure
McCafferty maintains push to increase benchmark to 0.75%
Bank of England officials said low oil prices and subdued wage growth will keep a lid on inflation as they left their key interest rate at a record low.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.