FXstreet.com (Córdoba) - The Bank of England decided to keep the official rate paid on commercial bank reserves at 0.5%, where it has remained since March 2009, as widely expected.
The Monetary Policy Committee also decided to continue with its program of asset purchases totaling £275 billion financed by the issuance of central bank reserves, after the BoE increased the size of the program by £75 billion on 6 October 2011.
The BoE said it expects the additional purchases to take another three months to complete and repeated that the scale of the program will be kept under review.
No comments:
Post a Comment