BoE Minutes: MPC Unanimously Voted To Hold Key Rate; Continue GBP 175 Bln Asset Purchase Scheme

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The Monetary Policy Committee of the Bank of England unanimously voted to hold the interest rate at 0.5% and to continue the asset purchase programme totaling GBP 175 billion, the minutes of the meeting showed Wednesday. The meeting was held on October 7 and 8.

All members agreed that recent developments were not sufficiently compelling to justify revising the target level of asset purchases that had been agreed at the August meeting or to change the level of Bank Rate at this meeting, the minutes showed.

However, there were differences of view among members of the committee on the balance of risks to the medium-term outlook for inflation and how it had shifted in recent months.

The Monetary Policy Committee of the Bank of England unanimously voted to hold the interest rate at 0.5% and to continue the asset purchase programme totaling GBP 175 billion, the minutes of the meeting showed Wednesday. (Market News Provided by RTTNews)