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- U.K.: BoE keeps rate on hold after an unanimous decision, unemployment rate at 6-year low
U.K.: BoE keeps rate on hold after an unanimous decision, unemployment rate at 6-year low
The minutes of Bank of England's latest policy meeting showed that the comitee voted unanimously to keep rates on hold and it's QE program unchanged. All 9 members voted for the interest rate to be kept at 0.5%.
Average earnings for November were in line with expectations with a reading of +1.7%. Ex bonuses data showed average earnings rose less than expected by +1.8%, not meeting forecasts of +1.9%.
U.K.'s employment rate dropped to a six year low to 5.8% in November, beating forecasts of 5.9%. The Claimant Count declined by -29,700 compared to expectations of a fall of -24,200.
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