Bank of England holds rates, no change on QE

Posted by 7Star Friday, March 5, 2010

The Bank of England on Thursday kept interest rates at a record low of 0.5 percent and made no increase to its unprecedented scheme of pumping money into an economy struggling to get back on its feet. The decision was widely expected and analysts expect no change in monetary policy until much later this year as the central bank waits for a clearer recovery from the worst economic downturn since World War 2.

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