No Policy Change at the Bank of England
August 4, 2011
As is its preference when not changing policy settings, the Bank of England Monetary Policy Committee released a statement that only gives the bare facts.
- The Bank Rate stays at 0.5%, its level since March 2009.
- The limit of GBP 200 billion on the asset purchase plan, which was last raised in November 2009 and reached three months later, was not raised.
- Minutes of today’s meeting will be published August 17th.
- New staff growth and price projections will appear in the quarterly Inflation Report due August 10.
Copyright 2011, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
Tags: Bank of England
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