Rabu, 18 September 2013

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No BoE support for more stimulus

Bank of EnglandThe Bank has pledged to keep rates low until unemployment falls.

The Bank of England's monetary policy makers voted unanimously to keep interest rates and quantitative easing (QE) on hold this month.

Minutes of the Monetary Policy Committee's September meeting also showed that no members saw a case to expand economic stimulus measures.

That suggests the MPC sees the UK economic recovery strengthening.

The Bank plans to keep interest rates at record lows at least until unemployment falls to 7%.

"Over the month the evidence was consistent with a recovery at least as strong as that expected at the time of the August Inflation Report," the MPC minutes read.



Source: BBC News - Business http://www.bbc.co.uk/news/business-24143383#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa