6 Feb 2014
BoE holds rates, no accompanying statement
FXStreet (London) - The Bank of England has held rates at 0.5 percent as expected ,with its asset purchase facility held at 375bn.
There was no accompanying statement with the decision, but Mark Carney has previously stated that he will not be moving to hike interest rates early and that the 7.0 percent unemployment rate constitutes a threshold, rather than a trigger for rate hikes.
It is expected that the forthcoming minutes will show a greater emphasis on inflation. Last month’s inflation numbers came into line with the target 2.0 percent rate for the first time in four years.
There was no accompanying statement with the decision, but Mark Carney has previously stated that he will not be moving to hike interest rates early and that the 7.0 percent unemployment rate constitutes a threshold, rather than a trigger for rate hikes.
It is expected that the forthcoming minutes will show a greater emphasis on inflation. Last month’s inflation numbers came into line with the target 2.0 percent rate for the first time in four years.