Central Bank of England felt delay in economy
According to the minutes of the MPC Bank of England, the Bank's members voted 9 to 0 vote to maintain interest in 0.50% and 75 billions pounds buying long-term UK government bonds. BOE said that there is high uncertainty about the size of this program for the purchase of British debt securities. Bank notes that the original reports on the impact of this program are encouraging. BOE sees "early warnings" for improvement of the corporate debt market. Seen and known signals to improve access to credit. According to BOE, the sharp rise in unemployment in UK could hit on consumer spending. The Bank continues to believe that the risks to weigh down the economy in a downward direction. Inflation will probably fall below the target of the BOE in the second half of 2009. (less than inflation so by 2 percent ceiling on / on). According to Bank studies show that the contraction (economic downturn) may be lighter/poorer in Q2 of 2009 and that the pace of economic collapse may be weakened.
Labels: Financial News
posted by Zoritza Petrova @ 4:39 AM
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