Bank of England monetary policy

Bank of England Preview

November 7, 2012

A majority of analysts appear not to expect quantitative stimulus to be expanded this month even though the program’s current limit of GBP 375 billion or roughly $600 billion has now been reached. Exhibit A:  Minutes from the October Monetary Policy Committee meeting revealed that some policymakers think the stimulative effect of ever-lower long-term interest […] More

Bank of England Preview

February 8, 2012

In March 2009, the Bank of England’s benchmark interest rate hit virtual bottom at 0.5%, which continues to be its level, and the cutting edge of monetary stimulus switched to quantitative asset buying.  The initial GBP QE ceiling of GBP 75 billion was raised to GBP 125 billion in May 2009, GBP 175 billion in […] More