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Bank of England maintain interest rates at 0.5%

bank interest rates  : Bank of England maintain interest rates at 0.5% Image (100710 2053 BankofEngla1)

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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bank interest rates  : Bank of England maintain interest rates at 0.5% Image (AlecSignature)



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Posted by on October 7, 2010.

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Categories: Bank Interest Rates

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