It has kept interest rates at their record low of 0.5% and not to raise the amount of quantitative easing (QE) from the current level of £375bn.
Under QE the central bank creates money and uses it to buy mainly government bonds to stimulate the economy.
Some analysts expect the amount of QE to be increased next month.
The Bank expects to have finished spending the latest tranche of £50bn of QE, which was approved in July, by 1 November.
"Looking ahead to November's meeting, we think that the Committee is likely to favour further asset purchases," said Anna Leach, head of economic analysis at employers' organisation the CBI.
"While there have been a few positive signs in recent data, underlying conditions remain relatively flat. Meanwhile, uncertainty around the international backdrop is likely to build further through the autumn, keeping confidence in check."
The Bank of England's key interest rate has been 0.5% since March 2009.
The minutes from this meeting of the MPC will be published on 17 October.
No comments:
Post a Comment