The Bank of England said Thursday that it decided to keep its emergency stimulus program unchanged and the central bank’s key lending rate at its record low of 0.5%.
Continue reading Bank of England Keeps Rates…
The Bank of England left interest rates at 0.5% for the 20th month in a row and maintained its asset-buying program unchanged, Reuters reported.
The interest rate decision was widely expected by economists. Still, mixed economic data and a divided policy-making board mean that the future is uncertain for the asset-buying program.
The U.K economy posted growth of 1.2% in the second…
Continue reading Bank of England Leaves Interest Rates, Asset Buying Unchanged
Bank of England Leaves Interest Rates, Asset Buying Unchanged originally appeared on DailyFinance on Thu, 07 Oct 2010 07:45:00.
The Bank of England kept it benchmark rate at a record low 0.5% and maintained its bond purchase program at £200 billion ($309 billion).
The bank, which sets monetary policy for the United Kingdom, has kept rates low to stimulate the recovery i…