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December 14, 2017 12:00 GMT
BULLET: BOE MPC Minutes: Monetary Policy Unchanged; No Near..>
BOE MPC Minutes: Monetary Policy Unchanged; No Near Term Hike Guidance
-BOE MPC: Votes 9-0 To Keep Bank Rate Unchanged At 0.5%
-BOE MPC: Votes 9-0 To Keep Gilt, Corporate Bond Stock Unchanged
-BOE MPC: Macro Data Since Nov Meeting Mixed, Relatively Limited
-BOE: Inflation Likely Close to Peak, Should Drop Towards 2% Medium Term
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At its December meeting, the BOE MPC voted unanimously to maintain
the monetary policy stance set out in its November meeting. Should the
economy continue to follow the path forecasted in November's Inflation
Report, the MPC said that further modest increases in Bank Rate would be
warranted "over the next few years". The MPC said the data since the
November meeting have been "mixed" and "relatively limited", and it
expected growth in Q4 to come in "slightly softer" than in Q3. The MPC
reiterated that at 3.1%, CPI was likely close to its peak level and that
it should return to around 2% in the "medium term".
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