LONDON (MNI) – The Bank of England left its stock of asset
purchases unchanged today at stg375bn and Bank Rate also unchanged
at 0.5% following the latest two-day meeting of its Monetary Policy
Committee.
The decision was in line with an MNI/NTKN survey of economists
which found unanimity among analysts that the MPC would leave policy on
hold this month.
Of the 29 economists who gave a forecast for November, 19 expected
more QE while 10 did not, with the median forecast for a Stg50
billion increase. Only five of 27, however, predicted a cut in Bank Rate
this year.
–London newsroom: tel: +4420 7862 7492 email:ukeditorial@marketnews.com
[TOPICS: M$B$$$,M$$BE$,MT$$$$]