Economy

xchrom

(108,903 posts)

10. Bank of England keeps rates at 0.5% and QE steady

Thu Jun 6, 2013, 07:26 AM

Jun 2013

http://www.bbc.co.uk/news/business-22796832

The Bank of England has kept its stimulus programme of quantitative easing (QE) unchanged and also held interest rates at 0.5%.

The decision, at the last Monetary Policy Committee meeting chaired by Sir Mervyn King, was widely expected.

Most analysts do not expect any change in policy until the new Bank governor, Mark Carney, arrives in July.

The MPC has been split in recent months over whether to increase QE from its current level of £375bn.

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