MPC Decision Commentary

MPC Decision Commentary

Monetary Policy Committee (MPC) keeps the Bank Rate unchanged at 0.5%

Economic Analysis

10 January 2013

"I would have been very surprised if the MPC had shifted monetary policy, as little had changed since its last meeting. The Committee places considerable store by the Bank of England's Funding for Lending (FFL) scheme. It will have taken some comfort that FFL is beginning to have a positive impact on the availability of credit to both households and the corporate sector."   

Stephen Boyle, Head of Group Economics

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