GO
Loading...

Bank of England Interest Rate Vote 'No Surprise'

Wednesday, 17 Aug 2011 | 11:35 AM ET

"The fact that it was a nine nil vote was not a surprise¿¿. but the fact that it came before the market turbulence was and it raises the possibility of further quantitative easing (QE)," James Ashley, senior economist at RBC Capital Markets told CNBC. But he added that the economic environment was different to that of 2009 and suggested that more QE remained "unlikely."