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| Bank minutes 'good news for businesses' |
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Companies with professionals fulfilling roles such as finance jobs in London are likely to be pleased with the recent Bank of England minutes, an expert has said.Earlier this week (September 21st), the Bank published the details of its most recent meeting regarding the fiscal direction of the country for the coming month and this revealed an indication that further quantitative easing (QE) may be on the cards. Despite the fact the Monetary Policy Committee (MPC) opted to maintain interest rates at 0.5 per cent for the 30th month in succession, the minutes revealed that one member of the panel voted to increase the Bank's programme of asset purchases by £50 billion. According to David Kern, chief economist at the British Chambers of Commerce, this is a clear indication that the MPC is "gearing itself up to increase the QE programme in the next few months". And Mr Kern noted this is a "welcome development" for the business community as it would provide a boost to the economy. Posted by Daniel Frost
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