BoE Rates stay at 0.25%

The Bank of England has left interest rates at 0.25 per cent at its September meeting, following its cut to rates in August.

However, the central bank has reiterated that it expects to cut rates further before the end of the year.

Its QE package also remains the same after it expanded it to £60bn in August’s stimulus.

In the minutes accompanying today’s decision, the monetary policy committee said the stimulus package had “led to a greater than anticipated boost to UK asset prices”.

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