Bank Of England Voted Against Restarting Bond Buying

Europe’s broad FTS Eurofirst 300 share index tumbled after the Bank of England minutes were released from new Governor Mark Carney’s first meeting.

Surprising news—all nine policymakers at the Bank of England voted against restarting bond buying, which took markets off guard on Wednesday, hitting European shares and pushing up sterling, as noted in Reuters.

The dollar steadied off a three-week low, meanwhile, as investors awaited fresh clues on the Federal Reserve’s stimulus plans due from Ben Bernanke, the head of the U.S. central bank, later in the day.

Policy...

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