Wednesday, November 19, 2014

MPC votes unchanged

In the Bank of England (BoE) monetary policy committee report, the bank rate is set at 2.5% and that the BoE should maintain the stock of purchased assets financed by the issuance of central bank reserves at £375 billion.

The votes remained at 2-0-7, that is 2 members in the board voted to increase the rate while the other 7 voted to hold rates.

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