Thursday, April 07, 2011
Bank on hold (again)
Posted by David Smith at 12:15 PM
Category: Thoughts and responses

After more than two years of a 0.5% Bank rate, a rise is plainly closer than it was. Even so, it is hard to remember a month when expectations of a move were lower. So on hold at 0.5% (again) and quantitative easing maintained at 200 billion. May will be closer but the markets don't currently expect a move, European central Bank hike from 1% to 1.25% or not.