(CercleFinance.com) – The monetary policy committee of the Bank of England (BoE) decided, at its meeting on September 20, to maintain the key rate at 5.25%, by a majority of five votes to four who would have preferred to increase it by 25 basis points to 5.5%.
He also voted unanimously to reduce by £100 billion over the next 12 months the outstanding purchases of UK government bonds held for monetary policy purposes and financed by the bank’s reserve issue. central.
‘Monetary policy will have to be sufficiently restrictive for a long enough time to sustainably bring inflation back to the 2% objective in the medium term,’ recalls the committee, which does not rule out further tightening if necessary.
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