United Kingdom: Bank of England MPC Keeps Interest Rate and Quantitative Easing Unchanged9 June, 2011, 19:09. Posted by Zarathustra
Tags: Bank of England, Economy, United Kingdom
The Bank of England keeps everything unchanged again.
The Monetary Policy Committee keeps the Bank rate at 0.5% and the size of the asset purchase programme a.k.a. quantitative easing at £200 billion, same as consensus. The minutes for the June meeting will be out on 22 June 2011.
Of course, the United Kingdom is still caught in the middle with high inflation and poor economic performances. CPI inflation hit 4.5% in April even though the economy is kind of stagnant. So pretty much like their Chinese counterparts, the Bank of England is caught in this inflation dilemma.