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Montevideo, March 28th 2024 - 17:38 UTC

Tag: Adam Posen

  • Thursday, December 9th 2010 - 15:34 UTC

    Bank of England decision on further liquidity injection expected for February

    MPC member Adam Posen has been voting in favour of an extra £ 50 billion QE

    The Bank of England’s monetary policy committee (MPC) voted Thursday to hold the base interest rate at its record low of 0.5%. As expected, the Bank did not extend its £200 billion program of quantitative easing and is not expected to make a decision on whether to follow the US Federal reserve with a second bout of economy boosting bond-buying – or QE2 – until February.