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.
by RTT Staff Writer
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