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BoE left interest rates unchanged

The Bank of England kept its benchmark interest rate unchanged and announced no change to its asset purchase facility program, it said on Thursday. The BOE said it was holding the benchmark interest rate at 0.50%, in a widely expected move. The rate has been held at that level since March 2009. The central bank also said it was to maintain the stock of asset purchases financed by the issuance of central bank reserves at £375 billion. 
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BoE needs to see higher wages before thinking about rate hike

A gift of higher wages wouldn't be taken for granted by Bank of England (BOE) Governor Mark Carney, who has asked to see a 3 percent bump in wage growth by year-end before he would even consider raising the U.K.'s record-low interest rate
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Sterling slightly lower in a tighter range Monday trade

With no major data releases on today, and with holiday season tighter range trading, markets are still speculating on fact is Sterling overpriced at the moment and when will BoE hike interest rates. Several Bank policymakers, including Governor Mark Carney and even hawkish rate-setter Martin Weale have played down the prospect of a rate rise in the next few months as a renewed fall in oil prices and weak wage growth keep inflation well below the Bank's 2pc target.
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Is BoE ready for rate hike in 2016?

So far the outlook for UK economic growth remains solid although the latest data showed GDP growth was slower in both the second and third quarters of this year. The inflation outlook, however, remains subdued and uncertain. The minutes from the December meeting of the Bank of England's (BoE) Monetary Policy Committee (MPC) showed that policymakers saw downside risks to inflation from protracted low oil prices, and weaker unit labor costs growth so far this year.
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