Bank of England votes not to extend asset purchases
The Monetary Policy Committee voted again to maintain its programme of quantitative easing at £375bn.
The Bank of England has decided not to introduce further quantitative easing and to keep interest rates at the historically low 0.5 per cent.
The Monetary Policy Committee (MPC), headed by Bank of England governor Mervyn King, voted to keep its programme of printing money to buy government bonds at £375bn.
When the MPC met last month, economists suggested the bank’s focus had shifted away from quantitative easing toward the Funding for Lending scheme as a way to stimulate the economy. The initiative incentivises banks to lend to households and businesses, and came into effect last month.
The minutes of the meeting will be published on December 19.
