UK Money News

INSTANT VIEW 1-Bank of England keeps policy unchanged as forecast

Thu, 10th Jan 2013 12:17

LONDON, Jan 10 (Reuters) - The Bank of England decided to keep its powder dry on Thursday, vot

ing as expected against buying more government bonds despite an economy on the verge of another contraction.

Following are reactions to the decision:

ANNA LEACH, CBI:

'A change in monetary policy was unlikely this month, given the UK economy continues to send out mixed signals.

'We're not expecting any change in monetary policy over the next few months, unless compelling evidence of a renewed downturn emerges.

'Underlying economic conditions remain fairly flat and there are early signs that credit availability is being boosted by the Funding for Lending Scheme.'

(Reporting by UK economics team) Keywords: BRITAIN BOE/DECISION

(olesya.dmitracova@thomsonreuters.com)(+44 20 7542 8051)(Reuters Messaging: olesya.dmitracova.thomsonreuters.com@reuters.net)

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