British monetary policy

Bank of England in Wait and See Mode as Expected

October 4, 2012

The Monetary Policy Committee decided not to change the GBP 375 billion size of its Asset Purchase Plan.  An announced increase at its July meeting of GBP 50 billion will not be fully implemented until next month.  A statement on the Bank of England web site gives no information about the committee’s latest views and […] More

Bank of England Preview

October 2, 2012

The primary tool of British monetary policy since March 2009 has been the Asset Purchase Program, which has been expanded periodically as needed and most recently by GBP 50 billion in July to a limit of GBP 375 billion.  That higher ceiling will not be reached for another month, so announcement of a policy expansion […] More