Bank of England: No Changes

November 10, 2011

The nine-person Monetary Policy Committee, which in October raised the limit on its Asset Purchase Program to GBP 275 billion from GBP 200 billion, did not change such further and also left Britain’s Bank Rate at 0.5%, where such has been since March 2009.  The central bank’s quarterly inflation report will be published on November 16, and minutes of this week’s meeting get released on November 23.  As per custom, today’s statement did not reveal the latest thinking of monetary officials, deferring such information to the Inflation Report and meeting minutes.

Copyright 2011, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.



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