As expected, the BoE let its monetary policy unchanged in May. The target rate stays at 0.5% (stable since March 2009) and the quantitative easing program is maintained at £200 bn (stable since February 2010).
Economic Impacts
The BoE maintains a very accommodative monetary policy despite inflation above 4% YoY. The economic outlook is considered too weak for any tightening. The risk is to fall into stagflation.
Economic Impacts
The BoE maintains a very accommodative monetary policy despite inflation above 4% YoY. The economic outlook is considered too weak for any tightening. The risk is to fall into stagflation.
World GDP
