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They were also in agreement not to extend further the Bank's programme of pumping money into the economy. But members who in August called for a bigger injection of money than the £25bn decided, said the Bank may still need to extend the programme further.
Tags: Bank of England MPC, billion pounds, Monetary Policy Committee, meeting showed, quantitative easing, United Kingdom, London
The Bank of England's rate-setting body was unanimous when it voted to keep its key interest rate at a record low of 0.5 percent and said it would assess whether it needed another 25 billion pounds to pump into the economy next month, minutes to the July...
Tags: Bank of England, quantitative easing, Britain, billion pounds, uk economy, meeting showed
The benchmark S&P/ASX 200 index added 51.0 points, or 0.95%, to 5422.7 after falling as much as 1.15% in early trade. The Reserve Bank's June policy meeting showed the central bank felt interest rates were high enough to cool the economy and curb inflation.
Tags: stock, share, policy meeting, central banking, Reserve Bank, meeting showed, curb inflation, reserve banking, banking felt
Bank of England made a near unanimous decision to keep interest rates steady this month, it was revealed yesterday. Minutes from the Bank of England's monetary policy committee (MPC) meeting showed members voted eight to one in favour of holding the rate...
Tags: Bank of England, MPC, David Blanchflower, rate cut, holding rate, Monetary Policy Committee, meeting showed, food price