The Bank of England has kept UK interest rates on hold at a record low of 0.5% for the 16th consecutive month. The Bank’s Monetary Policy Committee (MPC) also decided not to inject any more money into the economy under its policy of quantitative easing (QE). The decision had been expected but calls have been growing for an increase in rates to curb inflation.
Bank of England Holds Rates at 0.5%
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Bank of England Holds Rates at 0.5% – OANDA Forex (blog) « Housing Bubble News on 07/09/2010 UTC at 8:56 am
