Skip to content
Subscriber Only

BOE Unanimous as Bond Buying Pace Approaches Market’s Limit

Bank of England policy makers said the pace of their bond purchases is close to the market’s capacity as some signaled further stimulus might be needed next year to weather Europe’s sovereign debt crisis.

The Monetary Policy Committee, led by Governor Mervyn King, voted unanimously to keep the target for gilt buying at 275 billion pounds ($432 billion) after increasing it by 75 billion pounds in October, according to the minutes of their Dec. 7-8 meeting published today in London. They also voted 9-0 to keep the key interest rate at a record-low 0.5 percent.