November 4, 2010 | Author

Author Alec Hanson

Record low continues as Bank of England leaves interest rates at 0.5

Boring, but good for Investing

Well the Bank of England have decided to leave UK interest rates at their record low of 0.5%, now for the 21^st month. Slightly boring from a news and graph persepctive, but very good news for property investors who can continue to benefit from these low rates.

Yet although the US announced it would make a further $600bn of quantatie easing available, the Bank of England decided not to pump any more money into the economy.

It will be interesting to see what the minutes with respect to whether we may get further QE, especially as the move in the US has caused the US and UK markets to hit a record 2 year high.

For more information visit:
http://www.bbc.co.uk/news/business-11694582

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