- Prior 4.75%
- Bank rate vote 9-0 vs 8-1 expected
- A gradual and careful approach to the further withdrawal of monetary policy restraint is appropriate
- Will continue to monitor closely the risks of inflation persistence
- Monetary policy will need to continue to remain restrictive for sufficiently long
- Will decide the appropriate degree of monetary policy restrictiveness at each meeting
- Statement details to follow..
This article was written by Justin Low at www.forexlive.com.
