BOE: The Bank of England's MPC voted unanimously to..>

BOE: The Bank of England's MPC voted unanimously to leave rates 

unchanged at 0.75% and the combined QE stock of Gilt and corporate 

bonds at stg445 billion, with expectations of 'limited and gradual' 

rates hikes over the forecast horizon if the economy continues to 

develop broadly as expected. The BOE outlook continues to assume a 

smooth adjustment to an average range of Brexit outcomes and is 

conditioned on a rate path that increases to 1% by the end of the 

forecast period -- lower than seen in February.

-UK Q1 GDP seen up 0.5%, in part on stockpiling, slowing to 0.2% in Q2

-Brexit uncertainties continue to weigh on business investment.

-MPC judges currently small margin of excess supply in economy, but 

moves to excess demand of around 1% by end of forecast period.

-CPI seen below target in 1st half forecast period, labor remains tight, 

but picking up over forecast horizon as demand firms. 

-Any monpol Brexit reaction will not be automatic, could be either way.