Bank of England Leaves Policy Settings Unchanged
May 10, 2012
The Bank of England retained a 0.5% Bank Rate and did not increase the GBP 325 billion Asset Purchase Plan further. This was the expected result, although some analysts that more quantitative easing might be forthcoming. In a typical boilerplate statement for occasions when no changes are made, officials simply indicated the size and timing of its last rate and QE moves and direct people’s attention upcoming release of the meetings minutes and the quarterly Inflation Report for further information. 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.
Tags: Bank of England
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