BoE kees rates on hold while turning dovish in May Inflation Report

• The Bank of England MPC voted by a majority of 7-2 to maintain Bank Rate at 0.5%, in line with expectations.
• The Bank of England turns dovish in May Inflation Report using the word "gently rising rates"
• Monetary Policy Committee member all agreed that any future increases in bank rate are "likely to be at a gradual pace and to a limited extent" 

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