Bank of England Hints Rate Rise in 2014


On June 12th, during the annual Mansion House speech, Mark Carney said the Bank of England could raise interest rates from a record low earlier than expected as the mounting debt related to the housing market could undermine stability.

At June 5th meeting, the Monetary Policy Committee of the Bank of England left the bank rate at 0.5 percent and the stock of purchased assets financed by the issuance of central bank reserves at £375 billion. 

The previous change in Bank Rate was a reduction of 0.5 percentage points to 0.5 percent on 5 March 2009. A programme of asset purchases financed by the issuance of central bank reserves was initiated on 5 March 2009. The previous change in the size of that programme was an increase of £50 billion to a total of £375 billion on 5 July 2012.

Bank of England Hints Rate Rise in 2014


anna@tradingeconomics.com
6/13/2014 11:40:38 AM