Bank of England holds policy for 16th month
The Bank of England has held rates and asset purchases for a 16th month.
It's safe to say that everyone was expecting this.
I would put the probability of the BOE moving either rates or asset purchases today at slightly less than the UK joining the euro this year
— World First (@World_First) October 10, 2013
Martin Beck, UK economist at Capital Economics, suggests a "dearth of reasons to either loosen or tighten policy suggests that the Committee could be in for a long period of inaction".