No news is good new? Nothing new and virtually no change at all! Why compare to last announcemnt, this round it shot up?
Bank of England maintains Asset Purchase Programme at £375 billion
The Bank of Englandís 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 £375 billion. The Committeeís latest inflation and output projections will appear in the Inflation Report to be published at 10.30 on Wednesday 7 August. As previously announced, the Committee will also respond to the Chancellorís request for its assessment of the use of thresholds and forward guidance at that time. The minutes of the meeting will be published at 9.30am ... (full story)
- Posted: Aug 1, 2013 7:04am
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