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Bank of England MPC Voted 9-0 to Hold Rates

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The views of Bank of England policymakers appeared little changed in May when they voted unanimously to keep interest rates on hold.

Minutes of the Monetary Policy Committee’s (MPC) May meeting also showed the Bank’s rate-setters saw the possibility of a recent pick-up in British house prices posing renewed risks.

The MPC voted 9-0 to keep interest rates at 0.5 percent.

Two of its nine its members felt the decision was finely balanced between voting to keep rates on hold or to raise them, echoing previous meetings.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza

@alfonso_forex

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