Bank of England maintain interest rates at 0.5%


The Bank of England’s Monetary Policy Committee today announced that it had voted to maintain the interest rates at 0.5% – now being 20 months in a row.

It also agreed to maintain, rather than expand, the size of it’s Asset Purchase Programme at £200 Billion.

Looking at the minutes from last month’s meeting it is clear that there is lively debate and some difference of opion as to whether both interest rates and quantative easing should continue.

For more information visit: http://www.bankofengland.co.uk/publications/news/2010/077.htm

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Alec Hanson



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