Steven Goldstein is based in London and responsible for MarketWatch's coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch's economic, political and regulatory coverage. Follow Steve on Twitter: @MKTWgoldstein.
By a 6-to-3 vote, the Bank of England voted again to keep interest rates unchanged at 5.25%. Analysts had forecast the vote to be 8-to-1 in favor of no change.
Inflation has been coming down faster than the U.K. central bank has projected the last two months, while the economy may have contracted in the September-ending quarter. The Bank of England said “the current monetary policy stance is restrictive.”
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