# Bank Of England Unanimous On Record Low Rate, Stimulus

> The Bank of England held its benchmark rate at a record low of 0.25% and kept its bond purchase programmes unchanged, with all committee members voting in favour. The bank forecast fourth-quarter 2016 GDP growth of 0.4% and expected inflation to reach its 2% target within six months.

- Date: 2016-12-15 · published 2016-12-15T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/73725-bank-of-england-unanimous-on-record-low-rate-stimulus
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Steady UK rates and continued asset purchases keep sterling under pressure, which can raise UK feed costs for dollar-priced imports.

## Sources

- rttnews.com: https://www.rttnews.com/2725840/bank-of-england-unanimous-on-record-low-rate-stimulus.aspx

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