Vladimír Urbánek (Kurzy.cz)
Macroeconomics  |  February 07, 2013 15:08:58

Bank of England keeps rates and the asset purchase program unchanged

Like the ECB and Bank of England also decided at its meeting today to keep the key interest rates at current levels. Basic interest rate remains at 0.5%.
BoE also confirmed volume QE program at its current level 375 mld.GBP. These decisions are in line with the broader market expectations.

BoE also stated that reinvests 6.6 mld.GBP of bonds that will expirovat next month.
BoE also said that with inflation expected in the next two years over the long-term target of 2%.
According to the BoE's asset purchase program helps bond market.
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Bank of England nechává sazby a program odkupu aktiv beze změn

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