MPC members vote to keep rates on hold
All nine members of the Bank of England’s Monetary Policy Committee voted to keep interest rates on hold at 0.5% in September, the latest minutes show.
This is the second month that all nine members have voted to keep interest rates on hold.
Samuel Tombs, UK economist at Capital Economics, is quoted as saying: "The minutes of September's MPC meeting strongly suggest that QE2 is set to be launched in the very near future.
"Admittedly, no other members joined Adam Posen in voting for an instant resumption of the asset purchases. However, most members of the Committee accept that the case for immediate policy as a stimulus has significantly strengthened over the last month - the debate is now how to provide that extra stimulus."
September 22, 2011
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