Corporate foreign exchange news

Forex market news: MPC divided over QE policy

Thursday, 19 November 2009 09:17:24 GMT

The Bank of England's Monetary Policy Committee's (MPC's) decision to extend the quantitative easing programme by £25 billion was not approved by all members, the minutes of the November policy meeting show.
One member of the committee voted for a £40 billion extension of the asset purchase programme, which would have taken the total cost of the scheme to £215 billion.
Meanwhile, another member expressed concern at the risks associated with the committee's loose monetary policy and voted in favour of maintaining the programme at £175 billion.
While members were divided over the extension of the policy, all agreed that the programme should remain in place for at least three months and declared that the most sensible time to review the policy would be ahead of the February inflation report.
The MPC will also gain clues to inflation trends in the upcoming Bank of England/GfK NOP inflation attitudes survey, which will be published on December 17th.ADNFCR-2522-ID-19467729-ADNFCR
Logo

Speak to one of the team

Please get in touch.

Contact details

Corporate FX
5th Floor, 62 Cornhill
London, EC3V 3NH
United Kingdom
Tel: 020 7743 7000
Fax: 020 7743 7001
Email: info@corporate-fx.co.uk

Contact us / Feedback

Thanks for contacting us

Map and directions

We are situated in the heart of the city of London.

Nearest tube/DLR stations:

Bank
Liverpool Street
Aldgate
Monument

Nearest mainline rail stations:

Liverpool Street
Fenchurch Street
Cannon Street

Global Reach Partners Limited; Registered in England No. 4344764. Registered for Money Laundering Regulations and Money Services
Business at Her Majesty's Revenue & Customs registrations No. 12140164. Supervised by the FSA in accordance with the payment
services regulations 2009, registration No. 504315.
© 2009 Global Reach Partners. Site credits