The Bank of England, the central bank of the United Kingdom, decided to maintain large-scale monetary easing measures at a monetary policy meeting.
However, in response to the rising trend of prices, several committee members commented that the scale of quantitative easing should be reduced, and future measures will be the focus.
As a result of the regular meeting held until the day before, the Bank of England kept the policy interest rate at 0.1%, which is the lowest level ever, and the scale of quantitative easing to buy government bonds and supply a large amount of funds to the market. Announced that it has decided to keep it, it will continue its current large-scale monetary easing policy.
Meanwhile, at this meeting, two of the nine members commented that the scale of quantitative easing should be reduced.
In the UK, prices have continued to exceed the Bank of England's target of 2% inflation as economic activity resumes, and are expected to exceed 4% by the end of the year.
Regarding the scale of quantitative easing, the Federal Reserve Board of Governors, the central bank of the United States, where the economy continues to recover, is expected to decide a gradual reduction in November, and the Bank of England will make monetary policy in the future. The focus will be on how to respond to the review of.