Bank of England could pump more cash into the economy: MPC minutes

Rates will stay low as long as the market says its ok to do so. The central planners' agendas will matter little when confidence breaks. Policy choices must be aligned with the trends of the market in order to maintain the perception of control.

Discussion turned to increasing the Bank’s £200bn of gilt purchases to stimulate the economy on concerns that the outlook for growth had “deteriorated a little”, the minutes showed. Policymakers voted 7-1 in favour of leaving rates unchanged at 0.5pc and quantitative easing on hold in the July meeting, suggesting rates will stay lower for longer.

Source: telegraph.co.uk