BOE: Leaves rates, QE stock unchanged in majority at.>

BOE: Leaves rates, QE stock unchanged in majority 7-2 vote at Jan meet

--Bank Rate unchanged at 0.75%, QE stock unchanged at combined stg445bn

--Saunders and Haskel dissent, vote for rate 25bp rate cut

--BOE says reinforced policy may be needed if no growth follow-through

--BOE says further ahead in line recovery may see modest tightening 

--Sees inflation below target over coming months

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The BOE voted by a majority of 7-2 to leave Bank Rate unchanged, voting 

unanimously to leave QE unchanged. Leaving all options open, the BOE 

said easing may be needed if there was no follow-through from recent 

positive indicators, adding that, further ahead, modest tightening may 

be needed in th recovery is broadly in line. The BOE sees inflation 

below the 2%-target throughout 2020 and most of 2021, and expects growth 

to be supported by rising global activity, a decline in Brexit 

uncertainty and government's announced spending.