Thursday, Feb 04, 2010
As expected
Bank of England: Bank of England Maintains Bank Rate at 0.5% and Maintains the Size of the Asset Purchase Programme at £200 Billion
The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £200 billion.
Posted by dill @ 12:08 PM (1000 views) Add Comment
6 Comments
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1. tpbeta said...
Sterling doesn't seem very interested. Still well under $1.59 almost half an hour later.
2. mrflibble said...
We had an 80pip rise against the Dollar but it seems to be fading back slowly. Before the announcement we were almost breaking below 1.58. I am surprised any rise was seen given that the announcement was as expected. They'll be movement tomorrow though with the American NFP - should be fun!
No end to QE I see, just a pause... Gutless punks...
3. Drp said...
I am guessing that this is a 2 part story: 1st part is the interest rate decision, the 2nd part is the CPI number that is published. The markets will react if both parts of the story do not make sense, i.e. 4.5% CPI (for example) and interest rates held at 0.5%.
Personally, I'm tired of hearing that the inflation is temporary... I've been hearing this for the past 2 years....
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5. matt_the_hat said...
I'll let you into a little secret - there never will be an end to qe
6. tpbeta said...
Down to $1.57.60 now. Something else going on I guess