Bank of England pauses asset purchase program

February 4, 2010 Share Print 0

[mserve id=”Central_Bank_BOE.jpeg” align=”left” width=”400″ caption=”Bank of England” alt=”Central Bank of England BOE” title=”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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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.