Bank of England policymakers
unanimously decided to maintain quantitative easing unchanged earlier
this month, as economic recovery gains steam even in the absence of
additional stimulus.
All the nine members of the Monetary Policy Committee led by Governor Mark Carney voted to retain the size of asset purchase programme at GBP 375 billion as they judged that more stimulus was inappropriate at present. Also, they unanimously decided to keep the record low 0.50 percent interest rate.
"No member judged that further stimulus was appropriate at present," the minutes showed, in contrast to August's view that there is "compelling" case for further stimulus.
The minutes suggested that the case for further stimulus will be stronger only if the recovery falter. The bank lifted its third quarter economic growth projection to around 0.7 percent from 0.5 percent estimated in the August Inflation Report.
http://www.rttnews.com/2190272/BoE-Policymakers-Unanimous-On-QE-Sees-No-Case-For-Further-Stimulus.aspx
All the nine members of the Monetary Policy Committee led by Governor Mark Carney voted to retain the size of asset purchase programme at GBP 375 billion as they judged that more stimulus was inappropriate at present. Also, they unanimously decided to keep the record low 0.50 percent interest rate.
"No member judged that further stimulus was appropriate at present," the minutes showed, in contrast to August's view that there is "compelling" case for further stimulus.
The minutes suggested that the case for further stimulus will be stronger only if the recovery falter. The bank lifted its third quarter economic growth projection to around 0.7 percent from 0.5 percent estimated in the August Inflation Report.
http://www.rttnews.com/2190272/BoE-Policymakers-Unanimous-On-QE-Sees-No-Case-For-Further-Stimulus.aspx
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