Sunday, July 13, 2014

BoE policymakers point to UK economic improvements

October 23. 2013 5:36AM
Associated Press

Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle

(AP) Policymakers at the Bank of England appear to be getting more optimistic over the British economy but are showing few signs of changing policy soon.

Minutes to the Oct.8-9 meeting of the Monetary Policy Committee released Wednesday show all nine policymakers voted to keep the main interest rate unchanged at the record low of 0.5 percent and not to increase the monetary stimulus.

Bank governor Mark Carney has introduced the concept of "forward guidance" on interest rates to keep the recovery on track, but the economy's improvement has prompted many in the financial markets to wonder whether interest rates may rise sooner than originally anticipated.

But policymakers say that any triggers to change in policy remain far off.

The pound fell modestly on the news to $1.6140 from $1.6165.

Associated Press

comments powered by Disqus Commenting Guidelines
Mortgage Minute

Search for New & Used Cars

Used New All

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals

Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds