MPC Minutes January 2014

The Bank of England have released the minutes of the Monetary Policy Committee meeting, held on the 8 and 9 January 2014. 

Before turning to its immediate policy decision, the Committee discussed financial market developments; the international economy; money, credit, demand and output; and supply, costs and prices.

The immediate policy decision

  • Bank Rate should be maintained at 0.5 per cent; 
  • The Bank of England should maintain the stock of asset purchases financed by the issuance of central bank reserves at £375 billion. 
PDF icon Monetary Policy Committee meeting held on 8 and 9 January 2014.