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    Bank of England's Monetary Policy Committee minutes: inflation could recover strongly next year | 22.04.2015

     

    The Bank of England's Monetary Policy Committee (MPC) released its April meeting minutes on Wednesday. All members voted to keep the central bank's monetary policy unchanged.

     

     

    Two members of the nine MPC said that the decision not to hike interest rate in April was "finely balanced."

     

     

    MPC members noted that the economy in the Eurozone grew strongly than expected.

     

     

    The Bank of England (BoE) still expects the consumer inflation to decline into negative territory in the coming months, but inflation could recover strongly next year.

     

     

    Some policymakers said that weakness in the U.S. and China offset the stronger growth in the Eurozone.

     

     

    MPC members pointed out that Greece's debt problem still pose a risk to global growth.


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