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Bank of England minutes

Bank of England minutes

The Bank of England decided unanimously to leave its Bank rate at 0.5% all time low, according to the minutes of the latest monetary policy meeting, that also showed an increasing consensus on the need for more quantitative easing as the Bank observes weaker growth in the second half of the year.

What does this mean?

Lower chance of interest rate rise = weaker GBP

Increase chance of increasing money supply = weaker GBP

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