MPC resists QE call
7th June 2012
THE Monetary Policy Committee resisted the temptation to pump more money into the economy today.
The decision not to embark on a fresh round of quantitative easing cames just hours after new data on the services sector was more upbeat than expected.
International Monetary Fund head Christine Lagarde's suggestion that the Bank of England's base rate could be cut its their historic low of 0.5% also went unheeded by the MPC.
However, with no imminent end in sight to the eurozone crisis experts expect QE to return......for the full story register now for free or login below...
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