Bank of England

November 7, 2013

The Monetary Policy Committee did not change its two policy settings — a 0.5% key interest rate and a GBP 375 billion ceiling on the asset purchase program — were left unchanged as expected.  Forward guidance unveiled last July remains intact and factored in today’s result.  A statement shed no light on the committee’s latest thinking.  Markets will need to await the Bank of England’s quarterly inflation report due November 13 and minutes of this week’s two-day meeting due on November 20.

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

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