bank of england monetary policy committee votes unanimously on holding rates
Last Updated : GMT 12:11:47
Arab Today, arab today
Arab Today, arab today

Bank of England monetary policy committee votes unanimously on holding rates

Arab Today, arab today

Arab Today, arab today Bank of England monetary policy committee votes unanimously on holding rates

Bank of England (BoE)
London - XINHUA

The nine-member Monetary Policy Committee (MPC) of the Bank of England (BoE) voted unanimously on the holding of benchmark interest rate and quantitative easing policy this month, according to the central bank's meeting minutes published on Wednesday.

But two members reckoned that it is "finely balanced" between voting to hold or raise the rate.

The British central bank announced on May 11 that Bank Rate would stay at 0.5 percent and the stock of asset purchases, or quantitative easing policy, maintain at 375 billion pounds (or 580 billion U.S. dollars).

The MPC noted the policy trade-off that had appeared over the past months: inflation remained below the target while unemployment was still somewhat above its long-run sustainable rate.

"Eliminating the remaining economic slack, and so returning output to its sustainable level, should reduce the drag on domestic costs and prices, helping to return inflation to the target," the minutes said.

Britain's Consumer Prices Index (CPI) fell by 0.1 percent in the year to April 2015, it is the first time that CPI has fallen over the year since official records began in 1996 and the first time since 1960 based on comparable historic estimates.

However, British unemployment rate fell to 5.5 percent in the three months to March 2015, lower than the 5.6 percent of the three months to February 2015, recording the lowest level since mid 2008.

But the committee believed that in the absence of further falls in energy prices or sharp movements in the exchange rate, inflation rates close to zero would be unlikely to endure for very long.

"As the impact of past movements in energy prices and exchanges rate faded from the 12-month calculation, CPI inflation was likely to rise notably towards the end of the year," it noted.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

bank of england monetary policy committee votes unanimously on holding rates bank of england monetary policy committee votes unanimously on holding rates

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

bank of england monetary policy committee votes unanimously on holding rates bank of england monetary policy committee votes unanimously on holding rates

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Saudis clear passenger flights

GMT 08:38 2017 Saturday ,25 November

Saudis clear passenger flights
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Germany's SPD says ready for talks

GMT 11:28 2017 Saturday ,25 November

Germany's SPD says ready for talks
Arab Today, arab today IS media offline for a day

GMT 02:10 2017 Friday ,24 November

IS media offline for a day
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Human form of 'mad cow' disease

GMT 00:11 2017 Friday ,24 November

Human form of 'mad cow' disease
Arab Today, arab today British woman jailed in Iran to appear

GMT 03:19 2017 Friday ,24 November

British woman jailed in Iran to appear
Arab Today, arab today 'Trash islands' off Central America indicate

GMT 20:19 2017 Friday ,24 November

'Trash islands' off Central America indicate
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today UK budget aims for driverless cars

GMT 12:11 2017 Saturday ,25 November

UK budget aims for driverless cars
Arab Today, arab today Mitsubishi Materials units falsified product

GMT 03:24 2017 Friday ,24 November

Mitsubishi Materials units falsified product
Arab Today, arab today Heidy underlines works like “Seventh Neighbor”

GMT 13:59 2017 Thursday ,23 November

Heidy underlines works like “Seventh Neighbor”
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead

GMT 07:56 2017 Wednesday ,22 November

Solaf happy for participating in “Hotline”

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 07:53 2017 Friday ,24 November

To Debate Ethics of Euthanasia

GMT 10:39 2017 Thursday ,23 November

Air China suspends flights to North Korea

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday