BOE MPC Leaves Bank Rate, QE Unchanged At September Meeting

–BOE QE Remains At Stg200bn; Bank Rate At 0.5%

LONDON (MNI) – The Bank of England Monetary Policy Committee
produced no surprises at its September meeting, leaving Bank Rate on
hold at 0.5% and issuing no policy statement.

A Market News survey conducted prior to the meeting found a
growing number of analysts expecting that the BOE will – at some stage –
undertake further asset purchases, with 40% now expecting BOE QE2 as
against 27.5% in the August survey.

The survey also showed analysts expecting no change in Bank Rate
through 2012.

Bank rate was first cut to 0.5% in March 2009 and has been on hold
ever since.

–London newsroom: 4420 7862 7492 email: ukeditorial@marketnews.com

[TOPICS: M$B$$$,M$$BE$,MT$$$$]