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Forex pairs in this Article » GBP/USD (Córdoba) - The Bank of England decided to leave its interest rate unchanged at 0.5% and the amount of asset purchases at £375 billion at its first meeting with Carney as Governor.

In a move to improve communication, the BoE delivered a post-meeting statement that included forward guidance, and signaled that rates will remain low for a longer period of time.

"The significant upward movement in market interest rates" would, however, weigh on will weigh on the outlook for growth and inflation; "in the Committee's view, the implied rise in the expected future path of Bank Rate was not warranted by the recent developments in the domestic economy", the BoE said.

A stronger form of forward guidance is still under discussion as the BoE says that the Chancellor had requested that alongside the August inflation report the committee also provides an assessment of the case for "adopting some form of forward guidance, including the possible use of intermediate thresholds".
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