News - Economics / markets
Categories: Economics / Markets
Topics: Bank of england | Interest rate | Monetary policy committee | Quantitative easing | Mpc
Interest rates have been kept on hold at 0.5% by the Bank of England.
Rates have now been at a record low for 13 months, and are expected to remain at 0.5% in the near-term.
The Monetary Policy Committee also made no extension to its quantitative easing programme, currently valued at £200bn.
Recent figures suggest the UK economy grew by 0.4% in the final quarter of 2009, revised up from a previous estimate of 0.1%.
The Bank of England is likely to await data showing a sustained economic recovery before increasing interest rates.
Categories: Economics / Markets
Topics: Bank of england | Interest rate | Monetary policy committee | Quantitative easing | Mpc
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