# Bank of England Interest Rate Decision, March 2017 - Business Insider

> The Bank of England held its policy rate in March 2017, with eight Monetary Policy Committee members voting to leave rates unchanged and one, Kristin Forbes, voting to raise them. Sterling had been trading near 1.2266 against the dollar before the decision.

- Date: 2017-03-16 · published 2017-03-16T12:00:00.000Z
- Category: policy · region UK · magnitude low
- Page: https://feedsoft.ai/events/72233-bank-of-england-interest-rate-decision-march-2017-business-insider
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Rate decisions move sterling and dollar exchange rates, which affect UK import costs for feed, but this decision was a hold with limited surprise.

## Sources

- businessinsider.com: https://www.businessinsider.com/bank-of-england-interest-rate-decision-march-2017-2017-3

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.