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.

  1. The Bank Rate stays at 0.5%, its level since March 2009.
  2. 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.
  3. Minutes of today’s meeting will be published August 17th.
  4. 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.

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