• Minutes of the Bank of England: The decision to keep the key rate at 0.5% was made at a ratio of 8-1 votes

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14 julio 2016

Minutes of the Bank of England: The decision to keep the key rate at 0.5% was made at a ratio of 8-1 votes

- The number of votes cast in favor of keeping the key rates unchanged, was 8.

- The number of votes cast in favor of cuting the key rate was 1.

- Most members of the Committee are expected easing in August.

- Committee members previously discussed the different possible packages of measures.

- The extent of the additional incentives will depend on the August forecasts.

- We need a detailed analysis of all the policy options.

- In the short term weakening of the pound will increase inflation.

- Longer-term prospects depend on inflation expectations.

- Economic activity is likely to weaken after the referendum.

- The Bank of England pointed to the sharp drop in household confidence indicators and the business community.

- some companies have postponed investment and personnel decisions

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