Bank of England Stands By Interest Rates & Asset Purchases
The Bank of England has voted to decide to leave its key short-term lending rate unchanged at 0.5%. The move was widely expected to remain unchanged, and it also follows a similar action announced by the European Central Bank of…
What is more important than the rate decision is that the Bank of England has said it plans to maintain its 325 billion pound asset program that come to more than $500 billion if you translate the figure to dollars. The Bank also noted that it plans to keep the size of this program under review. It may be a disappointment to some investors that this was not grown in size.
Another day, another Euro, another Pound, and another Dollar…
JON C. OGG
Contact [email protected] for any questions or corrections.
Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.
