Bank of England vote to keep rates on hold

The Bank of England today voted to keep interest rates and the existing QE package on hold. The central bank also predicted the UK would see the worse recession in 300 years but anticipated a V shaped recovery in the back half of 2020. Many think the UK BoE indeed to drag rates lower and push QE wider but are waiting for the economic recession to bite rather than releasing more stimulus measures right now when the economic numbers still remain uncertain.