BoE stays put, Haldane votes for reduction in asset purchases

A green sustainable earth

Rate-setters at the Bank of England voted unanimously to keep Bank Rate at its current level, but its chief economist said its asset purchase target should be reduced.
Both vote results were correctly anticipated by the consensus.

Bank Rate therefore stayed at 0.10%, the target for the asset purchase programme £875bn and that for corporate bonds at £20bn.

— More to follow —

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