Quantcast


Last updated: February 19. 2013 8:50PM - 120 Views

Story Tools:

Font Size:

Social Media:

(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
All user comments are subject to our Terms of Service. Users may flag inappropriate comments.
comments powered by Disqus



Featured Businesses


Poll



Info Minute



Gas Prices

Wilkes-Barre Gas Prices provided by GasBuddy.com