BOE: Leaves rates, QE stock unchanged in unanimous...>

BOE: Leaves rates, QE stock unchanged in unanimous vote at June meet

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

--BOE acknowledges likelihood of No Deal Brexit increased

--Monpol response to Brexit 'not automatic' could be 'either direction'

--Sees inflation close to target over coming months

--No direct comment on market rate expectations

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The BOE voted unanimously to leave rates/QE unch, in line with market 

expectations. The MPC had little to add to the monpol debate 

post-Brexit, maintaining the line that any policy decision on any Brexit 

outcome would not be an automatic one, and there were scenarios when 

rates could move in either direction. It not markets assumed the chance 

of a no deal Brexit had risen. The MPC again said if the economy 

developed in line with the May Inflation Report projections an ongoing 

tightening over the forecast period would be appropriate, at a limited 

and gradual pace, although GDP Nowcast has been revised to 0.0% for Q2.