Bank of England holds rates, hints that more hikes could be on their way

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December 14, 2017 12:21 PM

The Bank of England announced its latest policy decisions on Thursday afternoon.

Bank of England leaves monetary policy unchanged, with its base interest rate remaining at 0.5%.
Britain's central bank had been widely expected to leave policy unchanged after raising interest rates at its last meeting in November.
"Any future increases in Bank Rate are expected to be at a gradual pace and to a limited extent," BoE says.

LONDON — The Bank of England left monetary policy unchanged in December, as had been widely expected.

After raising interest rates for the first time in more than a decade in November, the Old Lady of Threadneedle Street was always set for a quiet month, and that proved so, with the bank leaving interest rates unchanged at 0.5%, and leaving its £435 billion cap in place for its QE programme.

The bank's Monetary Policy Committee voted unanimously to leave rates on hold.

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