Bank of England: No Change

April 5, 2012

With another month to run on its asset buying program’s current campaign, the Monetary Policy Committee of the Bank of England announced no changes in its policy for this month and released a statement that merely indicated when the Bank Rate of 0.5% was last cut (March 2009) and when the GBP 325 billion asset purchase program ceiling was last raised (February 2012).  Market participants were referred to the upcoming meeting minutes for text on what policymakers are thinking.  Such will be released on April 18, but macroeconomic background to today’s decision can be found in my earlier preview.

Copyright 2012, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.



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