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FTSE 100’s early promise fades as Bank of England holds rates
['Jeremy Cutler', 'Alliance News', 'Min Read']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
Investor focus in London was on a slew of earnings, while central bank meetings in the UK and US provided further food for thought.
The BoE's Monetary Policy Committee voted 6-3 to leave bank rate at 3.75%.
The central bank has maintained rates in each of its five meetings this year, with the last change a quarter point in December.
Despite the vote turning more hawkish, BoE governor Andrew Bailey played down the idea that the central bank is setting up a hike.
"We took a decision today to leave bank rate unchanged, and that is the relevant conclusion."