Bank of England: No Changes

April 7, 2011

The Monetary Policy Committee released its standard statement when not making any changes.  The Bank Rate stays at 0.5%, its level since March 2009.  The asset purchase program ceiling remains at GBP 200 billion.  It was last raised in November 2009 and reached that ceiling by end-January of 2010.  The statement reveals to clues about what members on the 9-person policy committee are thinking, deferring such to its meeting minutes due April 20th.  See my earlier preview of the Bank of England meeting for background notes on the issues there.

Copyright Larry Greenberg 2011.  All rights reserved.  No secondary distribution without express permission.

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