The Bank of England held interest rates steady Thursday but said that a hike is likely to be needed in the “coming months.”
As anticipated, the Monetary Policy Committee voted by a majority of 7-2 to keep rates at a record low 0.25 percent.
It also agreed to maintain stock levels of government bonds at £435 billion ($574 billion) and corporate bonds at £10 billion ($13 billion) at its September meeting.
– This is a developing news story. Please check back for updates.
