No Changes from the Bank of England

May 9, 2013

The Monetary Policy Committee released a statement confirming decisions to keep the Bank Rate at 0.5% and the Asset Purchase Program’s limit at GBP 375 billion.  The interest rate has been at 0.5% since March 2009, and the last change of the APP was made in July 2012.  A quarterly Inflation Report from the central bank will be published next Wednesday, and minutes of this week’s meeting arrive a week after that.  Today’s statement did not have anything to say about the meeting’s discussion or how members of the nine-person committee voted.

Copyright 2013, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.

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