Bank of England: Policy Settings Left as Is

January 10, 2013

The decision by the Monetary Policy Committee to leave the bank rate at 0.5% and the asset purchase program at GBP 375 billion was universally expected.  Background to this month’s meeting can be found in my earlier preview.  Most times when policy is not changed, officials release a bare-bones comment that tells when the interest rate and quantitative easing was last modified and deferring any indication of latest thinking by the committee to subsequent minutes of the meeting.  Today’s statement was one of those times.  Minutes will be published on January 23rd.

Copyright 2013, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.



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