BoE stands pat, Haldane casts dissenting vote

The Bank of England stood pat on monetary policy on Thursday to support the recovery and ensure that consumer price inflation returned to its 2.0% target sustainably.
As expected by economists, Bank Rate was kept at 0.1%, the stock of corporate bond purchases at £20bn and the stock of UK government bonds purchased at £875bn.

Unexpectedly however, the outgoing chief economist at the BoE, Andrew Haldane, voted against the third of those measures, voting instead for a reduction from £875bn to £825bn.

The pound spiked sharply lower immediately following news of the split decision but by 1205BST had regained its poise and was trading at 1.3905.

— More to follow —

Related Articles

Sign up to the IFA Newsletter

Name

Trending Articles


IFA Talk is our flagship podcast, that fits perfectly into your busy life, bringing the latest insight, analysis, news and interviews to you, wherever you are.

IFA Talk Podcast – listen to the latest episode

IFA Magazine
Privacy Overview

Our website uses cookies to enhance your experience and to help us understand how you interact with our site. Read our full Cookie Policy for more information.