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December 2015

BoE holds rates at 0.5%

Published: Thursday 10 December 2015

The Bank of England left interest rates and it's asset purchase target unchanged. The BoE's minutes revealed no hurry to match the expected rate hike by the U.S. Federal Reserve next week as the "no mechanical link" between the Bank's thinking and that of other central banks. The Minutes focused on renewed fall in oil prices and slower wage growth, which was seen by the market as slightly more dovish. 

Elsewhere, ECB’s executive Boar Member Mersch said that a very large Governing Council majority do not want any more QE. He went on to say that they "have a mandate to fulfill within the Eurozone and as we have said, we are determined to maintain what we consider the necessary further accommodative stance of monetary policy by all the means that are at our disposal.