Nov
10
2009
Bank of England maintains rate at 0.5% and continues with £175 billion Asset Purchase Programme
Posted by admin in Uncategorized, tags: 0.5%, Asset, Asset Purchase, Asset Purchases, Bank, Bank Of England, Bank Reserves, billion, continues, England, Fx Options, Issuance, maintains, Monetary Policy Committee, Programme, Purchase, Rate., £175
www.tradingfloor.com The Bank of Englands Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to continue with its programme of asset purchases totalling £175 billion financed by the issuance of central bank reserves. The Committee expects the announced programme to take another month to complete. The scale of the programme will be kept under review. For more comment on FX, FX options, equities and …
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