FXStreet (Mumbai) - Bank of England’s decision is very much in tune with market expectation. The Bank of England, as expected left the rate unchanged at 0.5 per cent. Again, as expected MPC voted 8-1 to hold rates unchanged. The monetary policy statement mentioned UK policy stance determined by UK inflation outlook. Headline inflation to stay below 1 per cent in H1 2016. Domestic cost pressures will have to firm substantially to return inflation to 2% target in around 2 years. For more information, read our latest forex news.