1 Aug 2013
BoE leaves policy unchanged
FXstreet.com (Córdoba) - The Bank of England decided to leave its interest rate unchanged at 0.5% and the amount of asset purchases at £375 billion.
In contrast to last month, this time the Monetary Policy Committee refrained from issuing a long statement alongside with the decision. However, the BoE reaffirmed its intention to improved communication and provide forward guidance. “As previously announced, the Committee will also respond to the Chancellor’s request for its assessment of the use of thresholds and forward guidance”, which will be published in the Inflation Report due for release on August 7th.
In contrast to last month, this time the Monetary Policy Committee refrained from issuing a long statement alongside with the decision. However, the BoE reaffirmed its intention to improved communication and provide forward guidance. “As previously announced, the Committee will also respond to the Chancellor’s request for its assessment of the use of thresholds and forward guidance”, which will be published in the Inflation Report due for release on August 7th.