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Bank of England Releases MPC Minutes

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The Bank said it was “encouraging that a number of banks had decided to cut rates on some mortgage and small-business loans”, and added that the impact of the scheme could be greater than it had assumed in its latest Inflation Report.

When it came to the vote, most MPC members opted for a policy of wait-and-see.

“For most members, the decision [of no change] this month was relatively straightforward. Over the coming months, the committee could take stock of the impact of the FLS and the implications this had for other potential policy options,” the minutes said.

“For some members, the decision was nevertheless more finely balanced, since a good case could be made at this meeting for more asset purchases.”

via BBC

You can download the full BoE minutes here

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Alfonso Esparza

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.
Alfonso Esparza

@alfonso_forex

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