BoE minutes published

Source: Bloomberg
Today the minutes of the Monetary Policy Committee's meeting, which took place on May 9-10, were published. During the meeting 2 votings were carried out. The Committee voted unanimously regarding the proposition to maintain Bank Rate at 0.5%. The second proposition to keep the stock of asset purchases at GBP 325 billion was supported by 8 members out of 9, since David Miles was in favour of increasing the size of the programme to GBP 350 billion. The minutes said that the decision to leave the asset purchase programme unchanged is finely balanced. The outlook is monitored monthly, and, if necessary, the programme could be expanded to further stimulate the economy.  

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Wed, 23 May 2012 13:02:47 GMT

Bund yields drop to records ahead of EU summit

German bunds rose on worries that European leaders will struggle to resolve the euro zone debt crisis during tonight's European summit.  David Schnautz of Commerzbank AG in London thinks that Europe is unlikely to solve key topics and will probably disappoint the market. The 5-year bund lost 5 bp to 0.47 percent at 10:49 GMT after tumbling to 0.461 percent, the lowest since 1990, when

Wed, 23 May 2012 11:19:54 GMT

Retail sales in UK decrease by 1.1% in April

Retail sales in UK decreased by 1.1% in April compared to the same period last year and fell by 2.3% in comparison with March. This is the biggest yearly fall since the August of 2011, when retail sales volume dropped 1.2% compared to August 2010. Retail sales volume grew 0.4%, the slowest pace in 2012, compared to the same period

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