FTSE 100 lifts again Bank of England signals delay in interest rate hike

FTSE 100 Lifts Again Bank Of England Signals Delay In Interest Rate HikeGETTY

The Bank of England held interest rates

The FTSE 100 closed up by 0.61 per cent at 6374.82 on Thursday adding to the gains already seen since Monday this week.
Chris Beauchamp, older market analyst at IG said: "Today’s FTSE leaderboard has a more diverse membership to it compared to yesterday’s mining-dominated bounce, but at present it still resembles opportunistic bargain hunting rather than any sustained rise in bullish sentiment.
"Having risen over 5 per cent in the past week, the FTSE 100 has worked hard to break out from its September malaise, but more gains will be hard to come by in the absence of any concrete excellent news."
At lunchtime the Bank of England confirmed that it was holding rates at 0.5 per cent, with only one person out of the nine member Monetary Policy Committee voting for a hike.
Minutes of the committee's meeting signalled that a hike is not happening anytime soon, giving the bluechip index a bit of a boost.

FTSE 100 October 8 - FTSE 100 Lifts Again Bank Of England Signals Delay In Interest Rate HikeLondon Stock Exchange

The FTSE 100 finished Thursday on another high

FTSE 100 from July to October 2015 graph - FTSE 100 Lifts Again Bank Of England Signals Delay In Interest Rate HikeLondon Stock Exchange

The FTSE 100 has picked up over the past week, but is still a long way of its summer highs

Connor Campbell, financial Analyst, said: "The Bank of England unhindered the minutes of its (unchanged) choice on interest rates.
"As expected Ian McCafferty was the lone hawk; more notable was the BoE’s claim that inflation will remain below 1 per cent until spring 2016, with the slightly more clear forecast that Q3 GDP will be at 0.6% compared to the 0.5 per cent NIESR estimate provided yesterday.
"The honestly dovish release meant that the FTSE may possibly hold onto its 40 point climb, not straying too far from Wednesday’s 7 week highs."
In Europe key stock markets were flat, with Germany's DAX up by around 0.1 per cent and France's CAC dipping by about 0.02 per cent.

couple looking at bills - FTSE 100 Lifts Again Bank Of England Signals Delay In Interest Rate HikeGETTY

Low interest rate keep borrowing costs low for housheolds

FTSE 100 Lifts Again Bank Of England Signals Delay In Interest Rate Hike
FTSE 100 Lifts Again Bank Of England Signals Delay In Interest Rate Hike
FTSE 100 Lifts Again Bank Of England Signals Delay In Interest Rate Hike
FTSE 100 Lifts Again Bank Of England Signals Delay In Interest Rate Hike

FTSE 100 Lifts Again Bank Of England Signals Delay In Interest Rate Hike

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