Christine
06-20-2012, 08:41 AM
BOE’s King, Posen and Miles voted to increase £50 bln, Fisher voted for £25 bln
Vote to keep interest rates on hold was 9-0
Most thought further stimulus was needed or would probably be needed
All agreed risks to inflation were shifting to the downside
Recent wage data and falls in commodity prices suggest weaker near-term inflation outlook
Discussed changing bank reserve renumeration with BOE, but saw drawbacks
So no advantages of cutting rates over increasing QE
Risk to UK and rest of the world increasing as a result of the EU crisis
http://feeds.feedburner.com/~ff/forexlive-rss?d=yIl2AUoC8zA (http://feeds.feedburner.com/~ff/forexlive-rss?a=6XK48-V0PmA:DqCA8yO6810:yIl2AUoC8zA) http://feeds.feedburner.com/~ff/forexlive-rss?i=6XK48-V0PmA:DqCA8yO6810:V_sGLiPBpWU (http://feeds.feedburner.com/~ff/forexlive-rss?a=6XK48-V0PmA:DqCA8yO6810:V_sGLiPBpWU) http://feeds.feedburner.com/~ff/forexlive-rss?d=qj6IDK7rITs (http://feeds.feedburner.com/~ff/forexlive-rss?a=6XK48-V0PmA:DqCA8yO6810:qj6IDK7rITs)
Vote to keep interest rates on hold was 9-0
Most thought further stimulus was needed or would probably be needed
All agreed risks to inflation were shifting to the downside
Recent wage data and falls in commodity prices suggest weaker near-term inflation outlook
Discussed changing bank reserve renumeration with BOE, but saw drawbacks
So no advantages of cutting rates over increasing QE
Risk to UK and rest of the world increasing as a result of the EU crisis
http://feeds.feedburner.com/~ff/forexlive-rss?d=yIl2AUoC8zA (http://feeds.feedburner.com/~ff/forexlive-rss?a=6XK48-V0PmA:DqCA8yO6810:yIl2AUoC8zA) http://feeds.feedburner.com/~ff/forexlive-rss?i=6XK48-V0PmA:DqCA8yO6810:V_sGLiPBpWU (http://feeds.feedburner.com/~ff/forexlive-rss?a=6XK48-V0PmA:DqCA8yO6810:V_sGLiPBpWU) http://feeds.feedburner.com/~ff/forexlive-rss?d=qj6IDK7rITs (http://feeds.feedburner.com/~ff/forexlive-rss?a=6XK48-V0PmA:DqCA8yO6810:qj6IDK7rITs)