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Bank of England Stays the Course; Rates Expected to Stay Low Until Q4

Posted, by Forexhound on January 13th, 2011

The Bank of England surprised no one this morning when its Monetary Policy Committee voted to make no changes to its benchmark interest rate while leaving its quantitative-easing program unchanged.

It’s been almost two-years since the BoE cut its official lending rate to a record low 0.5% and 11 months since the central bank completed the bond purchase portion of its 200 billion Pound quantitative easing program.

Since no changes were made, investors will have to wait until January 26 for the release of the BoE minutes to see how the decisions were reached. Traders will most likely be interested in inflation rate discussions and how the members voted.

Authored by, Forexhound
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