Bank of England Staying Course on Quantitative Easing Stimulus

Unananimously

Bank of England policymakers unanimously decided to maintain quantitative easing unchanged earlier this month, as economic recovery gains steam even in the absence of additional stimulus.

All the nine members of the Monetary Policy Committee led by Governor Mark Carney voted to retain the size of asset purchase programme at GBP 375 billion as they judged that more stimulus was inappropriate at present. Also, they unanimously decided to keep the record low 0.50 percent interest rate.