BOE Keeps Key Rate at Record Low as U.K. Recovery Doubts Persist

At the Bank of England, the more things change, the more they stay the same.

That’s how it must seem for officials as Governor Mark Carney trials a new structure for interest-rate meetings that will transform how they communicate policy. However much they change in style, BOE decisions remain dominated by issues that have lingered for years: a domestic recovery tinged with doubt and a Greek crisis overshadowing the euro area, Britain’s largest export market. The BOE held its key rate at a record low on Thursday, as unanimously predicted by economists.