UK - Bank of England maintains status quo - ICICI Bank : Treasury Research

The Bank of England (BoE) kept its policy rate unchanged at 0.5% and the quantum of Asset Purchase Facility (APF) was also retained at GBP 375 bn

As announced last month, the Committee will respond to the Chancellor's request for its assessment of the use of thresholds and forward guidance on August 07, 2013, along with the release of its inflation and output projections, which will appear in the August Inflation Report.

The minutes of this Monetary Policy Committee (MPC) meeting will be released on Aug 14, 2013. The last meeting's minutes showed that all nine members voted to keep Asset Purchase Facility (APF) and interest rate intact, as against three members voting for expansion in APF in the previous meeting.

Source : Equity Bulls

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