Friday, July 11, 2014





Bank of England: no change in base rate, stimulus


February 19. 2013 8:50PM
Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle


(AP) The Bank of England has left its base interest rate unchanged and has not authorized any additional stimulus measures, a decision which was widely expected by the market.


Thursday's announcement by the Monetary Policy Committee left the bank's key rate at the all-time low of 0.5 percent, where it has been since March 2009.


The Bank's program of so-called quantitative easing purchases of government bonds and other high-quality debt to boost credit activity remains at a total of 375 billion pounds ($604 billion).


Expectations of further stimulus measures this month evaporated after the U.K.'s gross domestic product rose by an unexpectedly strong 1 percent in the third quarter, ending a nine-month recession.


Associated Press


Comments
comments powered by Disqus Commenting Guidelines
Poll
Mortgage Minute


Search for New & Used Cars

Make 
Model
 
Used New All
 

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals



Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds