Wednesday, 21 September 2011

Bank of England Mulls More Quantitative Easing

SHARECAST: LONDON - The Bank of England Monetary Policy Committee (MPC) voted unanimously to keep rates and the asset purchase programme unchanged at its latest monthly meeting, but moved closer towards embarking on an expansion of quantitative easing.

As expected, all nine members of the MPC voted to keep rates at 0.5%. Adam Posen voted for the quantitative easing programme to be raised to £250bn from £200bn. The voting was the same as at the August meeting in line with economists’ predictions. » | RG | Wednesday, September 21, 2011