Bank of England Signals August Stimulus as Rate Kept at 0.5%

  • Officials discussed various easing options at policy meeting
  • Gertjan Vlieghe said outlook justified immediate 25bps cut

BOE Holds Rate at 0.5%, Signals August Stimulus

The Bank of England left its key interest rate at a record low and signaled it’s readying stimulus for August as the economy reels from Britain’s decision to quit the European Union.

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