News Summary: BoE minutes show unanimity on policy

Staff Writer
Columbus CEO

ALL IN: Bank of England policymakers voted unanimously to keep monetary policy unchanged despite growing signs that Europe's third-largest economy is on the mend.

UNCERTAINTIES: About $600 billion has been pumped into the British economy in an attempt to keep market rates low and encourage lending. Minutes of the Nov. 6-7 Monetary Policy Committee minutes showed that the nine-member panel voiced "uncertainties over the durability of the recovery," particularly in regard to the economic outlook in Europe.

EUROPE WEIGHT: Though the 17-country eurozone has emerged from its longest recession, growth is muted. Over the past few years, the debt crisis in the eurozone has weighed on Britain's recovery.