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18 Mar 2015
BOE MPC voted 9-0 to keep interest rates and QE unchanged
FXStreet (Mumbai) - The minutes of the Bank of England (BOE) meeting held on 4th and 5th March 2015 released today showed the committee voted 9-0 to keep the bank rate unchanged at 0.5%.
The committee also voted unanimously to maintain the stock of purchased assets financed by the issuance of central bank reserves at GBP 375 billion.
The minutes also showed two policymakers felt the policy decision was “finely balanced”. The policy makers are also concerned that a strong Pound could lead to a prolonged period of below target inflation, although they accept that the UK economic strength and divergent policy expectations could strengthen Pound.
The committee also voted unanimously to maintain the stock of purchased assets financed by the issuance of central bank reserves at GBP 375 billion.
The minutes also showed two policymakers felt the policy decision was “finely balanced”. The policy makers are also concerned that a strong Pound could lead to a prolonged period of below target inflation, although they accept that the UK economic strength and divergent policy expectations could strengthen Pound.