Forex Blog

February 4, 2010

Bank of England pauses asset purchase program

Central Bank of England BOE

Bank of England

Bank of England policymakers on Thursday paused the central bank’s 200 billion pound ($319 billion) asset purchase program. A majority of economists had expected the Monetary Policy Committee to end the quantitative-easing measures at least for now, although a decision wasn’t seen as clear cut amid signs of a weaker-than-expected economic recovery. As expected, the MPC left its key lending rate unchanged at a record low 0.5%

MarketWatch

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