BOE MPC voted 9-0 to keep interest rates unchanged

FXStreet (Mumbai) – The Bank of England (BOE) Monetary Policy Committee (MPC) minutes released on Wednesday showed policymakers voted 9-0 to keep interest rates unchanged at the June 3 meeting.

On exchange rate and inflation

The minutes showed sterling strength is acting as a drag on inflation and that may persist. Policymakers believe factors lowering inflation may dissipate “fairly shortly”. Minutes further state effective sterling exchange rate has been volatile recently.

On growth

Minutes state strength of headwinds to growth have started to ease, but fiscal consolidation could weigh on growth. Disorderly outcome of Greece also poses significant risk to growth.

The Bank of England (BOE) Monetary Policy Committee (MPC) minutes released on Wednesday showed policymakers voted 9-0 to keep interest rates unchanged at the June 3 meeting.

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