Exchange Rates

Bank of England Holds Rates at 0.5%

Posted by Scott Boyd at 9:11 am UTC, 12/09/2010

The Bank of England’s Monetary Policy Committee (MPC) has voted to maintain interest rates at 0.5 percent and offered no information on an extension of its earlier Quantitative Easing spending program. The most recent figures showed that Consumer Prices Index (CPI) inflation rose to 3.2% in October, well above the target rate of 2%.

Source: BBC News

Filed under: Forex Round Up, GBP

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