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BOE Seen Maintaining Policy as Carney Assesses Forward Guidance
The Bank of England will probably keep its asset-purchase program and benchmark interest rate unchanged next week as Governor Mark Carney and officials assess the impact of the central bank’s forward guidance. The nine-member Monetary Policy Committee will keep its bond-buying program at 375 billion pounds ($580 billion), according to all 37 economists in a Bloomberg News survey. Officials will also hold the key rate at a record low of 0.5 percent, a separate survey showed. Carney introduced guidance this month, saying the MPC won’t consider raising its key rate until unemployment falls to 7 percent, something it ... (full story)
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