Daily Banking Industry News
Saturday 12th of September 2009

Banking Sectors:

By company:

By organisation:

Also see:

September 10, 2009

Bank of England holds rates at 0.5%

by Richard Kilner

Story link: Bank of England holds rates at 0.5%

The Monetary Policy Committee (MPC) of the Bank of England has chosen to retain the interest rate at 0.5%.

It is the sixth month in a row that the rate has remained at the historic low, the smallest interest rate in the bank’s three hundred year history.

In addition, the MPC has continued with its £175bn quantitative easing programme of asset purchases, a process estimated to run its course in another two months.

However, the size of the quantitative easing programme will remain under review, and last month was increased by £50bn to the present level of £175bn.

The move mirrors that of the European Central Bank, which earlier this month elected to keep the eurozone interest rate at 1%.

 

Add to Bookmarks:

ADD TO NETSCAPE     ADD TO DEL.ICIO.US     ADD TO DIGG     ADD TO FURL

ADD TO STUMBLEUPON     ADD TO YAHOO MYWEB     ADD TO GOOGLE     ADD TO SPURL


Related stories to: Bank of England holds rates at 0.5%

Bank of England holds rates at 0.5%  ...

Australia holds rates at 3%  ...

Bank of England keeps rates at 0.5%  ...

Bank of England keeps rates at 0.5%  ...

BoE failed to grasp severity of problems facing the UK  ...

No Comments »

No comments yet.

Leave a comment


Previous: « CFS reports strong first half banking sales
Next: New Zealand keeps rates at 2.5% »

Visited 118 times, 1 so far today



Borrowing & Lending News