The Monetary Policy Meeting Minutes are a detailed record of the Bank of England's policy setting meeting and decision on where to set interest rates. In March increased competence BoE giving it flexibility when it comes to further increase monetary stimulus even if inflation remains above 2%. The pound this year fell 4.5% the biggest decline after the Japanese yen against all major currencies. The inflation rate exceeds the interest rate that the Bank Of England 0.5% to 2.3%. The so-called "negative real interest rates," when you take into account inflation will impact negatively on the British currency even under the condition that the currency is underestimated.