Rolling coverage and expert reaction to the Bank of England’s monetary policy decisionWhat to watch forBusiness leaders: No rate rise this year pleaseEarlier:Fears of Chinese deflation as firms slash prices Global worries hit stock markets 12.04pm BSTThe minute of the meeting are online here:Bank of England maintains Bank Rate at 0.5% and the size of the Asset Purchase Programme at £375 billion 12.03pm BSTThe Bank voted 9-0 to leave the current quantitative easing programme unchanged. It has already bought £375bn of government bonds under the scheme.
Bank of England maintains #BankRate at 0.5% and the size of the Asset Purchase Programme at £375 billion……Minutes of the MPC meeting reveal a vote of 8-1 to preserve #BankRate and a unanimous vote to preserve the stock of Asset PurchasesContinue reading...
Source: theguardian.com