Bank of England Review

February 12, 2011

The statement released by the Monetary Policy Committee on February 10th fit the usual standard when no policy changes are implemented, stating the decision of keeping the Bank Rate at 0.5% and the asset purchase program limit at GBP 200 billion), indicating when these were last changed (March 2009 and November 2009, respectively), and noting when minutes of this month will be released (February 23).

All of such as as analysts had expected even as many disagree with it.  British consumer prices, labor statistics and retail sales among other things such as the quarterly central bank report on inflation are due next week.

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



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