Some Members of the Bank of England's Monetary Policy Committee... [Derived Headline]
The Herald › September 23, 2010
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Summary
SOME members of the Bank of England's Monetary Policy Committee believe deteriorating UK growth prospects are making it more likely they will have to take further action to support the economy.
This view is revealed in minutes of the MPC's September 8 and 9 meeting, published yesterday, and underlines the challenges facing the UK economy as swingeing cuts in public spending loom. It also reinforces the City's belief that UK base rates will remain at an all-time low of 0.5% for many more months.See the full content of this document
Extract
Some Members of the Bank of England's Monetary Policy Committee... [Derived Headline]
The dovish MPC minutes weighed heavily on the pound. Sterling fell to its lowest level against the euro since late May, with the single currency hitting an intra-day high of 85.77p.
With base ...See the full content of this document
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