Bank Keeps Interest Rate & refrains from further stimulus

The Bank of England yesterday decided to leave the official bank rate at 0.5% – continuing the record low for coming up to 4 years.

Interest Rates remain at record low of 0.5%

The Bank’s monetary policy committee also decided not to extend the quantitative easing (QE) stimulus activity having already injected £375bn into the UK financial system.

There are still mixed signals coming out of the economy as a whole and the previous MPC minutes should this was a key reason why previously both Bank Rate and QE were maintained.

It is therefore not surprising that this months decision is the same with the underlying economic conditions remaining fairly flat.

Alec Hanson

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