Jump to content
House Price Crash Forum

Boe Mpc Maintain 3-Way Policy Split, See Inflation Risks


Recommended Posts

LONDON, Dec 22 (Reuters) - The Bank of England's Monetary Policy Committee retained its three-way split at December's policy meeting, but a growing number of policymakers are worried about rising medium-term inflation risks, central bank minutes showed on Wednesday.

The breakdown of votes at the BoE's Dec. 8-9 meeting was the same as the previous two months' meetings.

Adam Posen called for an extra 50 billion pounds more quantitative easing and Andrew Sentance urged interest rates to rise to 0.75 percent from 0.5 percent, while the other 7 MPC membe rs voted for policy to stay unchanged.

However, a growing number of policymakers were concerned about rising inflation risks, albeit not sufficiently to justify changing policy, especially given the risk of contagion from the euro zone's financial instability.

The minutes said that "most" of those MPC members who thought the current policy stance appropriate "considered that the accumulation of news over recent months had probably shift ed the balance of risks to inflation in the medium term upwards".

http://us.mobile.reuters.com/article/idUSLDE6BL0KP20101222?ca=rdt

It's coming...

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    No registered users viewing this page.



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.