The Bank of England's (BoE) Monetary Policy Committee (MPC) held fire on further quantitative easing (QE) today amid speculation that it would sanction an additional £25 billion ($38 billion) of asset purchases.
In its previous meeting, a motion to increase the central bank's asset purchase programme – currently at £375 billion ($565 billion) – by an additional £25 billion was rejected by six votes to three.
Comments by Paul Tucker, a BoE deputy governor, in the interim period had helped contrib
- James Bullard on 2% rates, tariffs and Fed leadership
- Turkish central bank raises overnight rates in bid to stop lira’s fall
- Next financial crisis “will be brewing” in shadow banking – Bullard
- Policies must change to stop emerging markets crisis, analysts say
- Podcast: David Hendry and John Muellbauer on empirical macro