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- Bank of England’s meeting minutes: the Bank of England policymakers were surprised that markets had not saw a higher chance of an interest rate hike in 2014
Bank of England’s meeting minutes: the Bank of England policymakers were surprised that markets had not saw a higher chance of an interest rate hike in 2014
The Bank of
England released its June meeting minutes:
- The BoE’s
monetary policy committee voted unanimously to leave interest rates unchanged
at their record low of 0.5% and quantitative easing at £375bn;
- The Bank of
England policymakers were surprised that markets had not saw a higher chance of
an interest rate hike in 2014;
- There are still
concerns over weak growth in earnings and inflation;
- Some Bank
of England policymakers said "the policy decision had become more balanced in
the past couple of months than earlier in the year";
- “The more
gradual the intended rise in Bank Rate, the earlier it might be necessary to
start tightening policy”;
- "The
economy was starting to return to normal. Part of that normalisation would be a
rise in Bank Rate at some point".
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