BOE keeps rates at record low, says UK outlook remains sound
British economy not affected by global turmoil led by China
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BANK of England policy makers said the UK economy's prospects remain positive and market turmoil related to China's slowdown hasn't shaken their view that the time for a rate increase is approaching.
The nine-member Monetary Policy Committee (MPC) voted 8-1 this week to keep the benchmark interest rate at a record-low 0.5 per cent, with only Ian McCafferty dissenting. In their discussion, officials said any external headwinds must be "weighed against the prospects for a continued healthy domestic expansion".
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