Policymakers of the Bank of England unanimously decided to maintain the interest rate at 0.50 percent and quantitative easing at GBP 375 billion, the minutes of the meeting held on December 4 and 5 showed Wednesday.
All the nine members of the Monetary Policy Committee agreed that neither of the price stability knockout conditions that would override the policy guidance provided in August had been breached.
Moreover, a recovery in output appeared to be under way, and inflation had fallen and was expected to remain close to the 2 percent target. The minutes said no member thought it appropriate to tighten, or to loosen, the stance of monetary policy at the current juncture.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.