Bank and Rate

ftse: The midcap FTSE 250 MCX, -0.72% rose 0.2% to 16,788.04, paring gains after the rate decision, according to Market Watch. The blue-chip FTSE 100 benchmark had been up nearly 1% just before the Bank of England released its policy decision at noon London time. The FTSE 100 UKX, -0.36% dropped 0.2% to close at 6,654.47, after trading as high as 6,743.42 earlier in the session. The central bank unexpectedly left unchanged its key interest rate at a record low of 0.5%. Markets had overwhelmingly priced in the first rate cut since March 2009 after Bank of England Gov. The bank foresees a challenging outlook for the British economy after the country voted in June 23 referendum to exit the European Union. Mark Carney in the Brexit aftermath alluded to the possibility of easing this summer. (news.financializer.com). As reported in the news.