Bank of England keeps rates on hold

Bank of England keeps rates on hold

The Bank of England has voted unanimously to keep interest rates on hold at 0.75 per cent in its most recent policy meeting. Although it set a dovish tone when it signalled that it might look to cut rates if we see continued Brexit uncertainty and weak global growth, it also reiterated a commitment to hike rates in the event that an orderly exit from the EU is eventually achieved. Government debt strengthened modestly on the news, while sterling weakened as a result of the overall dovish tone of the meeting.