Bank of England

September 6, 2012

Members of the Monetary Policy Committee as expected did not change policy settings at this month’s two-day meeting.  The strictly boiler plate statement released today divulged no fresh information for markets to mull.  The Bank Rate has been at 0.5% since March 2009, and July’s increase in the asset purchase program by GBP 50 to a ceiling of GBP 375 billion is not expected to be completed for another two months.  Minutes of this week’s meeting will be published September 19th.  Next month’s meeting is scheduled for October 3-4.

Copyright 2012, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.

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