BoE Policymakers Unanimous On Rates; Differ On Slack In Economy

Posted on Apr 23, 2014

Policymakers of the Bank of England unanimously decided to maintain the key bank rate at a historic low of 0.50 percent and monetary stimulus at GBP 375 billion, the minutes showed Wednesday. Members said economic recovery is building momentum, but they had a range of opinions about the amount of slack remaining within the economy and medium-term inflation outlook.

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