BOE minutes make rate rise less likely this year

FXStreet (Mumbai) - The Bank of England's January (BOE) January meeting minutes released today showed a unanimous vote on maintaining the bank rate and the asset purchases unchanged.

The minutes revealed the number of dissenters to hold interest rates unchanged at record lows fell from 2 to 0. Moreover, Policymaker MacCafferty and Weale dumper their rate hike vote. However, the minutes said that economic growth in the UK remains solid, while acknowledging increasing risks from the Eurozone. Furthermore, policymakers see ‘roughly even chance’ of CPI rate falling below zero.