{"id":79350,"date":"2015-10-09T00:45:37","date_gmt":"2015-10-09T04:45:37","guid":{"rendered":"http:\/\/countingpips.com\/?p=79350"},"modified":"2015-10-09T05:50:57","modified_gmt":"2015-10-09T09:50:57","slug":"bank-of-england-leaves-rates-unchanged-as-uk-inflation-remains-low","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/10\/bank-of-england-leaves-rates-unchanged-as-uk-inflation-remains-low\/","title":{"rendered":"Bank of England leaves rates unchanged as UK inflation remains low"},"content":{"rendered":"
October 9, 2015<\/div>
\r\n<\/div><\/div>

Article by ForexTime<\/a><\/p>\n

The Bank of England left interest rates on hold on Thursday, saying the renewed fall in oil prices meant inflation was likely to stay lower than previously expected.<\/p>\n

The decision to keep the main interest rate at a record low 0.5%, which was in line with economists\u2019 expectations, comes at a time of growing concerns about the health of the global economy.<\/p>\n

Only one member of nine from the BoE\u2019s Monetary Policy Committee (MPC) \u2013 Ian McCafferty, voted for a rate rise, leaving an 8-1 majority in favour of keeping rates unchanged. The MPC unanimously decided to keep the Bank\u2019s quantitative easing programme at \u00a3375bn.<\/p>\n

Mark Carney, the Bank of England governor, highlighted the strength of the domestic UK economy in a speech he made late on Thursday, indicating that he still thought the conditions were right to consider raising interest rates around the end of this year. Carney was speaking at a global economy debate on the margins of the International Monetary Fund and World Bank annual meetings in Lima.<\/p>\n

The Governor insisted that the US Federal Reserve\u2019s decision on monetary policy was \u201cnot decisive\u201d for the bank.
\n\u201cWe will determine the timing for the start of the process of monetary policy normalisation consistent with UK [conditions],\u201d said Mr Carney, highlighting the limited effect of the Chinese fortunes on the British economy.<\/p>

\r\n
\r\n

Free Reports:<\/p><\/div>\r\n

\r\n

<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

\r\n
\r\n
\r\n

<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

\r\n<\/div>\r\n

\r\n
<\/div>\n

 <\/p>\n

\n

\"Forex-Time-Logo\"Article by ForexTime<\/a><\/span><\/strong><\/p>\n

ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Article by ForexTime The Bank of England left interest rates on hold on Thursday, saying the renewed fall in oil prices meant inflation was likely to stay lower than previously expected. The decision to keep the main interest rate at a record low 0.5%, which was in line with economists\u2019 expectations, comes at a time […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-79350","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/79350","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=79350"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/79350\/revisions"}],"predecessor-version":[{"id":79372,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/79350\/revisions\/79372"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=79350"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=79350"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=79350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}