Bank of England policymakers unanimously decided to maintain quantitative easing at GBP 375 billion and the interest rate unchanged at 0.50 percent, the minutes of the meeting showed Wednesday.
The nine-member MPC discussed whether it was appropriate to modify or continue with the programme of asset purchases that it had agreed at its July meeting. Also, they discussed the likely effectiveness of further asset purchases, should they be required.
There was agreement that there was little to be gained at this meeting in changing the current quantitative easing programme. The meeting was held on October 3 and 4.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.