The Bank of England voted unanimously to keep its benchmark interest rate on hold at a record low of 0.1 percent and left its bond-buying programme unchanged during its February meeting. Policymakers noted it would be appropriate to start the preparations so that it could set a negative rate in 6 months, but stressed it should not be interpreted as a signal.
The central bank also said that the coronavirus vaccine rollouts in a number of countries, including the United Kingdom, have improved the economic outlook, but voiced concerns about the recent increase in cases, including from newly identified strains of the virus, and the associated reimposition of restrictions
Follow us on:
