No shocks there.
Bank of England maintains Bank Rate at 0.5% and the size of the Asset Purchase Programme at £375 billion
08 May 2014
The Bank of England’s Monetary Policy Committee at its meeting today voted to maintain Bank Rate at 0.5%. The Committee also voted to maintain the stock of purchased assets financed by the issuance of central bank reserves at £375 billion.
The Committee’s latest economic projections will appear in the forthcoming Inflation Report to be published at 10.30 a.m. on Wednesday 14 May.
The minutes of the meeting will be published at 9.30 a.m. on Wednesday 21 May.
Cable drops 8 pips to 1.6962 then recovers. Nothing to see here, move along.
I should also add, for clarity, to my Spencer Dale comment on the previous post that we won’t know until the minutes are published.
