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“BOE Unanimously Kept Bond Plan at 200 Billion Pounds”

Posted by
April 21, 2010
in Blog
“Bank of England policy makers unanimously kept their bond-purchase plan at 200 billion pounds ($307 billion) in April as some officials showed mounting concern at the prospect of a prolonged bout of faster inflation.

The nine-member Monetary Policy Committee, led by Governor Mervyn King, voted 9-0 to maintain the program because data in the previous month hadn’t changed enough to ‘substantially alter’ its view of the economy, minutes of the April 8 meeting released today in London showed. It also unanimously kept the benchmark interest rate at a record low of 0.5 percent.” Read more.

“BOE Unanimously Kept Bond Plan at 200 Billion Pounds”
Fergal O’Brien
Bloomberg Business Week, April 21, 2010.