BOE keeps rates unchanged at 0.50%, favours wait & see mode

Bank of England (BOE) kept its benchmark interest rate on-hold at 0.50% at its monetary policy meeting held today, against wide expectations of a 25bps cut to 0.25% in wake of the Brexit vote.

Key details:

Bank rate +0.5% vs +0.25% exp vs +0.5% prev

QE GBP375bln vs GBP375bln prev

Vote 8-1