–BOE QE Also Left Unchanged At Stg200bn
LONDON (MNI) – The Bank of England Monetary Policy Committee
produced no surprises at its July meeting, leaving Bank Rate on hold
at 0.5% and issuing no policy statement.
A Market News survey conducted prior to the meeting found no
analyst expecting any change in policy. Analysts attached a negligible
median chance of a hike at this meeting.
Bank rate was first cut to 0.5% in March 2009 and has been on hold
A Market News survey showed that the median forecast among analysts
is for the first hike to occur in Q1 2012.
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