BOE Minutes: Voted 9-0 to keep Bank Rate at 0.5%

Market news

20 June 2012

BOE Minutes: Voted 9-0 to keep Bank Rate at 0.5%

Voted 5-4 at Jun meeting for unchanged QE
King, Miles, Posen voted for stg50bn extra QE in Jun
Fisher voted for stg25bn extra QE in Jun
Lookd at merits of cutting Bank Rate
Judged bank rate cut had no advantages over more QE

Asian session: The euro fell against the yen

United Kingdom: Average Earnings, 3m/y , April +1.4% (forecast +0.8%)

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