The Bank of England’s message was much like the Fed’s. While keeping the base rate pinned at 0.10% and maintaining quantitative stimulus at the recent pace
September 23, 2021
The Bank of England’s message was much like the Fed’s. While keeping the base rate pinned at 0.10% and maintaining quantitative stimulus at the recent pace, there were two, up from one, dissenters who favored cutting back the central bank’s pace of government bond purchases. A released statement revised down projected third-quarter British GDP growth […] More
Tags: but also strikes a more worried tone about inflation, citing Covid, dissenters who favored cutting back the central bank's pace of government bond purchases. A released statement revised down projected third-quarter British GDP growth to 2.1% from 2.9%, should the economy evolve broadly in line with the central projections in the August Monetary Policy Report, The Bank of England's message was much like the Fed's. While keeping the base rate pinned at 0.10% and maintaining quantitative stimulus at the recent pace, the Committee judged that, there were two, up from one, which they believe will be twice the 2% target by yearend and stay above 4% until around mid-2022. At its previous meeting
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