Thursday, June 10, 2010
Bank still in hold mode
Posted by David Smith at 12:05 PM
Category: Thoughts and responses

The noon announcement from the Bank of England that will not have surprised many people:

"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 £200 billion."

Next week's inflation figures and the August inflation report may be a little more interesting.