The Bank of England (BoE) decides to keep the Interest Rate at 0.5% and maintain the size of the asset puchase programme (Quantitative Easing).

Both moves where widely expected by financial analysts and the media.

The rate dropped down to the record low of 0.5% almost exactly 1 year ago on 5 March 2009 along with the introduction of the aset purchase scheme which was subsequently increased in value.

The minutes of the meeting will be published at 9.30am on Wednesday 17 March.

For more details view: http://www.bankofengland.co.uk/publications/news/2010/022.htm

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