The Bank of England (BoE) stuck to its plan to nurse the economy back to full health with record low interest rates on Thursday, despite a strong recovery and fast-rising house prices which could lead to a split among its policymakers soon.
The Bank's Monetary Policy Committee (MPC) left its benchmark interest rate at 0.5 per cent, where it has sat since the worst of the financial crisis more than five years ago. The MPC made no statement after the decision which had been widely expected. Details of how its nine members voted will be released in just under two weeks' time.
The Bank's Monetary Policy Committee (MPC) left its benchmark interest rate at 0.5 per cent, where it has sat since the worst of the financial crisis more than five years ago. The MPC made no statement after the decision which had been widely expected. Details of how its nine members voted will be released in just under two weeks' time.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%