exit strategy
Bank of England Preview: No Changes This Time
January 6, 2010
British monetary policy is on hold until at least February and possibly beyond midyear. The last base rate cut occurred in March 2009 and culminated 450 basis points of reduction from 5.0% to 0.5% squeezed into five months. Additional easing since then has been engineered via quantitative purchases of assets, mostly gilts, that will reach […] More
