BOE Keeps Rate at 0.5% as Oil and Wages Weigh on Inflation

Updated on
  • Central bank sees need for sustained firming in cost pressure
  • McCafferty maintains push to increase benchmark to 0.75%

BOE Maintains Rate at 0.5% on Subdued Inflation

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.