Bank of England MPC Keeps Interest Rate and Quantitative Easing Unchanged

Bank of England Monetary Policy Committee (MPC) announced that it would maintain the Bank Rate unchanged at 0.5%, and the size of asset purchase programme a.k.a. quantitative easing at £200 billion.  Everything is unchanged again.  Today’s rate decision is as expected.

The Minutes will be published on 21 September.  It will be interesting to see if the MPC considers further easing, as the UK economy and indeed the global economy is weakening.

Meanwhile, we are waiting for European Central Bank’s rate decision, and the subsequent press conference of Jean-Claude Trichet will be quite something to watch.

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About Zarathustra

Zarathustra: Founder and Managing Editor of Also sprach Analyst. Once an analyst, now an investor and entrepreneur. Based in Hong Kong, but Londoner at heart.