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Bank of England pauses asset purchase program

Central Bank of England BOE

Bank of England


Bank of England policymakers on Thursday paused the central bank’s 200 billion pound ($319 billion) asset purchase program. A majority of economists had expected the Monetary Policy Committee to end the quantitative-easing measures at least for now, although a decision wasn’t seen as clear cut amid signs of a weaker-than-expected economic recovery. As expected, the MPC left its key lending rate unchanged at a record low 0.5%

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Posted by Staff at 7:27 am UTC, 05/23/2012
Posted by Dean Popplewell at 6:36 am UTC, 05/23/2012
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May
23
Today’s Global
Market Events
All Day

EUR
EU Economic Summit
8:30am

CAD
Core Retail Sales m/m
0.5% vs. 0.5%
CAD
Retail Sales m/m
0.4% vs. -0.2%
CAD
Leading Index m/m
0.3% vs. 0.4%
10:00am

USD
New Home Sales
335K vs. 328K
USD
HPI m/m
0.4% vs. 0.3%
10:30am

USD
Crude Oil Inventories
0.8M vs. 2.1M
6:45pm

NZD
Trade Balance
400M vs. 134M
10:00pm

NZD
Annual Budget Release
10:30pm

CNY
HSBC Flash Manufacturing PMI
49.3