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BoE maintains bank rate, says MPC likely to remain cautious given Brexit vote

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BoE maintains bank rate, says MPC likely to remain cautious given Brexit vote

TheBank of England'sMonetary Policy Committee voted unanimously to keep the bank rate unchanged at0.5% and to maintain the stock of purchased assets financed by the issuance ofcentral bank reserves at £375 billion.

TheBoE said April 14 that the committee identified some signs that uncertaintyrelating to the referendum on the U.K.'s membership in the EU has begun toweigh on certain areas of activity, as some decisions, including on CapEx andcommercial property transactions, are being postponed pending the outcome. Thiscould lead to some softening in growth during the first half, it added.

Thereferendum effects are likely to make macroeconomic and financial marketindicators harder to interpret over the next few months, and the MPC is likelyto react more cautiously to data news over this period than would normally bethe case, the BoE added.