BoE policymakers point to UK economic improvements

Despite noting improving UK economy, Bank of England show few signs of changing policy soon

Associated Press

LONDON (AP) -- Policymakers at the Bank of England appear to be getting more optimistic over the British economy but are showing few signs of changing policy soon.

Minutes to the Oct.8-9 meeting of the Monetary Policy Committee released Wednesday show all nine policymakers voted to keep the main interest rate unchanged at the record low of 0.5 percent and not to increase the monetary stimulus.

Bank governor Mark Carney has introduced the concept of "forward guidance" on interest rates to keep the recovery on track, but the economy's improvement has prompted many in the financial markets to wonder whether interest rates may rise sooner than originally anticipated.

But policymakers say that any triggers to change in policy remain far off.

The pound fell modestly on the news to $1.6140 from $1.6165.

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