Bank of England policymakers expect the Consumer Prices Index to fall into negative territory in the coming months and to remain low this year
Bank of England policymakers voted unanimously to hold interest rates at their current historic low of 0.5% again in April, according to the minutes of BoE held on 8-9 April 2015.
Bank policymakers expect the Consumer Prices Index (CPI) to fall into negative territory in the coming months and to remain low this year. And they remain concerned about low wage growth, the minutes show.
The Bank minutes showed policymakers thought there was still a risk of "weak price pressures persisting for longer than would be consistent with bringing inflation back to target within two years",
despite evidence that the eurozone economy was beginning to show signs of improvement.
Bank of England policymakers voted unanimously to hold interest rates at their current historic low of 0.5% again in April, according to the minutes of BoE held on 8-9 April 2015.
Bank policymakers expect the Consumer Prices Index (CPI) to fall into negative territory in the coming months and to remain low this year. And they remain concerned about low wage growth, the minutes show.
The Bank minutes showed policymakers thought there was still a risk of "weak price pressures persisting for longer than would be consistent with bringing inflation back to target within two years",
despite evidence that the eurozone economy was beginning to show signs of improvement.
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