MPC unanimity points to end of easing

- Central Banking staff
- 20 Mar 2002

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UK - The interest-rate easing cycle may finally be over in the U.K. That seems the conclusion to be drawn from the latest set of Monetary Policy Committee meeting minutes, released by the Bank of England Wednesday. In a speech given Tuesday the Bank of England governor hinted that interest rates may not need to rise this year.

They show that, at the March 6-7 meeting, the vote was unanimous the base rate should be held steady at 4.0%.

In these days of fascination with central bank thinking, the

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