December 23, 2009 3:38 AM
UK MPC Meeting Minutes
By fxdd
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0The UK's Monetary Policy Committee voted unanimously (9-0) to keep interest rates at 0.5% in December. It was also decided that they will keep their bond plan at 200 bln for December, but different bond plan sizes are still justified. The details of the minutes are as follows:
- Growth has yet to gain from inventory stabilization.
- News wasn't enough to change views on CPI outlook.
- Money supply growth has been disappointing.
- The mix of demand signals in Q3 has caused greater momentum buildup.
- Labor market is more resilient than expected.
- Greece and Dubai are reminders of petential shocks.
Immediately following the release the GBP fell 10 points, but after further reading of the statements it has climbed back 20 points and peaked at the 1.5950 handle.
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