At its 7-8 December monetary policy meeting, the Bank of England (BoE) left the Bank rate unchanged at 0.50% and maintained the size of its asset purchase programme (quantitative easing) at GBP 275 billion. The decision was broadly anticipated by the market. According to the minutes released on 21 December, all nine members of the Monetary Policy Committee (MPC) voted to keep rates on hold, as in the previous meeting held in November. In addition, the Committee also voted unanimously to maintain the asset purchase programme at GBP 275 billion. The next MPC meeting will be held on 11-12 January.
United Kingdom Monetary Policy
Bank of England maintains asset purchase programme and holds rates
December 8, 2011
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United Kingdom Economic News
October 21, 2016
Following nearly four months of little or no news regarding formal negotiations with the European Union, in early October, Prime Minister Theresa May finally shed some light on the Brexit timeline and announced that Article 50 of the Lisbon Treaty will likely be triggered before the end of March 2017.
October 19, 2016
In September, jobless claims increased by 700 from the previous month, according to the Office for National Statistics (ONS).
October 18, 2016
In September, consumer prices increased 0.2% from the previous month, which came in below the 0.3% increase seen in the previous month.
October 8, 2016
In August, industrial production contracted 0.4% over the previous month in seasonally-adjusted terms, which contrasted the 0.1% increase recorded in July.
October 3, 2016
In September, the manufacturing sector recovered the ground it had lost after the EU referendum.