"BOE Unanimously Kept Bond Plan at 200 Billion Pounds"

“BOE Unanimously Kept Bond Plan at 200 Billion Pounds”

“Bank of England policy makers unanimously kept their bond-purchase plan at 200 billion pounds ($307 billion) in April as some officials showed mounting concern at the prospect of a prolonged bout of faster inflation. The nine-member Monetary Policy Committee, led by Governor Mervyn King, voted 9-0 to maintain the program because data in the previous…

Tom Duncan

•

April 21, 2010

“Bank of England policy makers unanimously kept their bond-purchase plan at 200 billion pounds ($307 billion) in April as some officials showed mounting concern at the prospect of a prolonged bout of faster inflation.

The nine-member Monetary Policy Committee, led by Governor Mervyn King, voted 9-0 to maintain the program because data in the previous month hadn’t changed enough to ‘substantially alter’ its view of the economy, minutes of the April 8 meeting released today in London showed. It also unanimously kept the benchmark interest rate at a record low of 0.5 percent.” Read more.

“BOE Unanimously Kept Bond Plan at 200 Billion Pounds”
Fergal O’Brien
Bloomberg Business Week, April 21, 2010.

Tom Duncan

Share This Article

Post on Facebook

Post on X

Print Article

Email Article

Alex Rosado

Will Gen Z Realize Its Future Runs on Fossil Fuels?

Jul 11

Gen Z wants global peace, environmental renewal, low prices, and high-paying jobs. They’ll find all of those rely on a sector they want to “phase out.”
Bryan Cutsinger

Are Tariffs Really Inflationary?

Jul 11

Tariffs can be inflationary if they reduce real economic output, but the size of the effect matters.
David Hebert, Marcus M. Witcher

Reagan’s Trade Gamble: The Story Behind the Voluntary Export Restraints

Jul 10

Reagan’s attempts to suppress car prices ultimately made US-made cars less competitive and reduced employment in American factories.