BoE surprises - with no cut

ReutersNewsPublished: July 14, 20163 views
Published: July 14, 2016

The Bank of England has kept interest rates unchanged, wrong-footing many investors who expected the first cut in more than seven years to cushion the impact of last month's vote to leave the European Union. But, as David Pollard reports, the Bank also gave a strong signal that monetary easing will come in August.

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