12/24/2009

Minutes from the Bank of England's meeting Dec. 10 show that policymakers were unanimous in maintaining the central bank's bond-buying program at £200 billion. David Miles and chief economist Spencer Dale changed from dissension in previous votes to form the consensus. "Most members felt that there had been some positive developments for the near term, albeit relatively minor ones by comparison to the uncertainties," according to the minutes. "Developments during this month had not been sufficient to alter committee members' views about the major forces driving the medium-term outlook for inflation or about the risks."

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