United Kingdom Bank (BOE) on Wednesday (22nd) June 8-minutes, MPC 7:2 through interest rates remain unchanged, only Weir (Spencer Dale) and Dell (Martin Weale) continue to demand higher interest rates 25 points while MPC scale invariant to 8:1 through the maintenance of quantitative easing, David berson still proposed expanding the scale of quantitative easing to 250 billion pounds.
is of concern, members of the new MPC Broadbent (Ben Broadbent) agreed with the majority opinion as expected, did not follow the MPC member before sentansi (Andrew Sentance) urged to raise interest rates. The minutes, Broadbent requirements to maintain interest rates unchanged. Hard-liners sumdex's departure, fears United Kingdom's Central Bank's monetary stance will become more moderate.
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Central Bank meeting minutes also show that MPC members have said, little sign of the CPI to rise will affect the salaries, weak domestic demand or beyond the previously expected, said more than one of its members or a need to expand the scale of quantitative easing, some members considered that if the downside risk of inflation to become a reality, may be a need for more quantitative easing.
banks and noted that the rise in the medium-term inflation risks in the past month, and the upside risk stability. United Kingdom Bank of pessimism towards the Economic Outlook. The Central Bank said, the current weakness of domestic demand may exceed the previously expected, and the United Kingdom or similar to the 1 quarter 2 quarter economic performance.
Central Bank noted that weak economic growth prospects, latest data show that 2011 mid-term GDP growth may be lower than the historical mean. Central Bank of the future United Kingdom expectations of economic recovery are starting to change, weak economic performance will be significantly suppressed United Kingdom expected Central Bank tightening.
the minutes also show that increased downward risk to inflation in May. Few signs of limits is shifting to pay higher inflation. Second-quarter GDP may be similar to the first quarter. Weak demand duration may be longer than expected. End page to join the body
