ECB hikes growth forecasts; Bank of England leaves rates on hold – business live

All the day’s economic and financial news, as central bankers hold their final monetary policy meetings of 2017Latest: ‘no change’ at the ECBBank of England votes 9-0 to leave borrowing costs unchangedBank: Brexit progress has boosted the poundEarlier:UK retail sales jump 1.6% in NovemberEurozone PMI hits highest level in nearly seven years 1.56pm GMT Q: Are you reviewing the asset-purchase programme each month, or are its parameters fixed in stone until September?And has there been any discussion on the open-ended design of the APP? 1.54pm GMT Q: Did you consider dropping the link between the asset purchase scheme and inflation in your guidance?No, say Draghi. Continue reading…
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