Bank of England holds Base Rate
Nov 05
2009
2009
The Bank of England (BoE) has maintained interest rates at 0.5% for the eighth consecutive month.
It is also pumping a further £25bn into its quantitative easing programme.
Neil Young, chief executive of Young Group, said the Monetary Policy Committee (MPC) is unlikely to make any significant change to the base rate until the economy is firmly back on track.
He added: “Given current indicators pointing to the slow pace of the UK’s economic recovery, it comes as no surprise that the Bank of England is considering an additional stimulus in the form of an extension to its quantitative easing programme.
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