Bank of England Holds Rates

The Bank of England (BoE) left monetary policy steady Thursday, barely causing a stir in markets — a stark contrast to six years ago when it cut rates to a record low amid a global financial crisis.

The central bank kept the U.K.’s benchmark interest rate at a record low of 0.5 percent and the total size of its bond portfolio at £375 billion ($571 billion).

Much has changed since the BoE’s historic rate cut six years ago, to the day. Here are some of the reasons why economists don’t expect another year to pass with no monetary policy change.


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