Bank of England surprises City by leaving interest rates on hold – as it happened

Bank of England surprises City by leaving interest rates on hold – as it happened

UK central bank has voted 8-1 to leave borrowing costs at 0.5%, and hinted that it will launch a stimulus package in AugustLatest: Economists back Bank over rates decisionNEWSFLASH: BoE surprises the City by not cutting ratesBank likely to stimulate in AugustPound rallies against US dollar and the euro

The Guardian - UK

Bank of England could cut interest rates to halt UK recession

Bank of England could cut interest rates to halt UK recession

Bank governor Mark Carney also expected to inject billions into financial system to boost economy after Brexit vote

The Guardian - UK

Bank of England holds interest rates at 0.5% but flags stimulus for August

Bank of England holds interest rates at 0.5% but flags stimulus for August

Announcement comes after futures markets priced in 75 per cent chance of a rate cut

The Independent UK

Bank of England Signals August Stimulus as Rate Kept at 0.5%

The Bank of England left its key interest rate at a record low and signaled it’s readying stimulus for August as the economy reels from Britain’s decision to quit the European Union.

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UK business must wait longer for post-Brexit Bank of England boost

Bank decides against immediate cut in borrowing costs, but first interest-rate cut since 2009 could come in August

The Guardian - UK

Bank of England signals August stimulus as rate kept at 0.5%

The decision is likely to shock investors, who had priced in more than an 80% chance the rate would be lowered as Britain reels from the Brexit vote