Bank of England Leaves Monetary Policy Unchanged
Reuters | March 08, 2012 | 07:05 AM EST
The Bank of England left its monetary policy unchanged on Thursday, sticking with February's decision to do an extra 50 billion pounds of quantitative easing to support the economy through a period of fitful recovery.
None of the economists polled by Reuters last week had expected the BoE to deviate from the three-month programme of gilt purchases announced last month, and the debate is increasingly shifting to whether there will be further QE in May.
In contrast to late last year - when more QE seemed highly likely - February's meeting showed growing divisions on the Monetary Policy Committee, despite the majority vote to raise the QE total by 50 billion pounds to 325 billion.
Two MPC members wanted a 75 billion pound increase, while others saw a case for no QE at all.
How the debate panned out this month will not become clear until March 21, when the BoE releases minutes to the two-day MPC meeting.
Britain still faces a sluggish economic recovery and is highly vulnerable to any worsening in the euro zone debt crisis
Комментариев нет:
Отправить комментарий