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17 Mar 2016
BOE minutes – Rates expected to rise more gradually
Bank of England minutes released today show policymakers see rates rising more gradually and to a lower level than previous cycles.
On Brexit
MPC notes increased uncertainty around Brexit referendum
MPC will continue to monitor influence of Brexit debate on sterling asset prices
MPC remains watchful for signs that low inflation is having more persistent
Key points on economy
Significant proportion of recent GBP decline reflects concern over Brexit
Underlying UK growth sustained by solid domestic demand
Despite Jan rise, inflation remains well below 2% target
On Brexit
MPC notes increased uncertainty around Brexit referendum
MPC will continue to monitor influence of Brexit debate on sterling asset prices
MPC remains watchful for signs that low inflation is having more persistent
Key points on economy
Significant proportion of recent GBP decline reflects concern over Brexit
Underlying UK growth sustained by solid domestic demand
Despite Jan rise, inflation remains well below 2% target