Rabu, 17 Juli 2013

BoE voted 9-0 to hold stimulus

Mark CarneyMark Carney took charge at the Bank of England in July

Interest rate policy makers at the Bank of England voted 9-0 in favour of keeping the stimulus programme at its current level at their meeting earlier this month, minutes show.

The July meeting was the first to be chaired by new governor Mark Carney.

Two members of the monetary policy committee (MPC) had voted to expand the quantitative easing programme at the previous meeting in June.

However, some members said the case for more stimulus was "warranted".

Paul Fisher and David Miles had backed an extra £25bn of asset purchases in recent months, along with former governor Sir Mervyn King.

But according to the minutes, the members who would have voted for more stimulus wanted to explore other options over the next month.

Quantitative easing is a bond buying programme designed to boost the economy.

The last increase to the programme came in July 2012 when the MPC announced the purchase of £50bn worth of assets, which brought the total purchases to £375bn.



Source: BBC News - Business http://www.bbc.co.uk/news/business-23341728#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa