Base rate held as policymakers rein in growth forecast

Adam Williams

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The Bank of England’s Monetary Policy Committee (MPC) has held the base rate at 0.25% and warned economic growth this year could be weaker than previously expected.

The Bank of England’s Monetary Policy Committee (MPC) has held the base rate at 0.25% and warned economic growth this year could be weaker than previously expected.

Policymakers voted 7-1 to keep the base rate at its current level – voting the same way as last month.

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Source Moneywise http://ift.tt/2pCOpZr