Thursday, Apr 08, 2010
Rates & QE held
BoE: Maintains Bank Rate at 0.5% and Maintains the size of the Asset Purchase Programme at £200 billion
he 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. The minutes of the meeting will be published at 9.30am on Wednesday 21 April.
Posted by 51ck-6-51x @ 12:02 PM (798 views) Add Comment
5 Comments
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1. paul said...
So according to halifax house prices are rising, inflation is still over 50% above target but nothing needs to be done.
Does anyone else get the uneasy feeling that the Bank of England is sowing the seeds of the next financial crisis? Which will no doubt take them completely by surprise. Again.
2. jack c said...
paul - yes, this has cropped up as a discussion point before - many well informed people I know think the BOE lost control (and the plot) a long time ago.
3. Hpwatcher said...
Does anyone else get the uneasy feeling that the Bank of England is sowing the seeds of the next financial crisis? Which will no doubt take them completely by surprise. Again.
They just don't seem interested in doing what they are supposed to be doing - how much of this is political?
4. crash bandicoot said...
I'm sure that the subversive amongst us would say that they are working to a hidden agenda and not their stated one. As also stated before if they really are trying to do the job that we've been told about then they're not very good at it.
5. 51ck-6-51x said...
Paul
They can keep their target rate as low as they like, the bond markets will make the decisions - at least they didn't expand QE ;p