- unchanged voting for unchanged policy of 0.5% interest rates and QE 375 bln
- King, Miles and Fisher the three voters for increase in QE again
Minutes highlights:
- BOE sees prospects for growth subdued given Eurozone weakness
- sees Cyprus causing depositor fears
- inflation expectations consistent with meeting target but rate staying elevated for extended period
- MPC should look through even protracted inflation
- net lending so far subdued but sees benefits from FLS scheme
Nothing too outrageous but the full minutes can be read here
