Nothing of Significance Said in Bank of England MPC Statement

July 10, 2014

The monthly Monetary Policy Committee review of policy resulted in the expected decision not to change the 0.5% Bank Rate of the GBP 375 billion ceiling associated with the quantitative asset purchase program.  That limit was reached by early November 2012.  The released statement said minutes would be published July 23, a fact that already was a matter of public record.  We’ll learn then if the decision was again a unanimous one as all have been since mid-2013.

Copyright 2014, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.



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