ECONOMICS COMMENTARY
May 09, 2013
Bank of England sees no need for further stimulus
The Bank of England's Monetary Policy Committee voted to keep policy unchanged at its May meeting, with interest rates held at 0.5% and its asset purchase programme steady at "375bn. With the economic data flow improving in recent weeks, no change is likely at its June meeting either, but new initiatives may follow the appointment of Mark Carney as new Bank governor in July.
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