0.5% remains for Interest Rates, £75bn more for the Economy

The Bank of England today took the decision to inject a further £75bn into the UK Economy via its programme of quantitaive easing (QE). This is in addition to the £200bn it has already pupmed into back in 2009. The Bank was widely expected to take some form of action either this month or next month after further economic data was released. However it looks like the data for the UK economony, showing that it grew by 0.1% - less than previously thought, caused a decision this month. Bank of England injects further £75bn into economy "In the United Kingdom, the path of output has been affected by a number of temporary factors, but the available indicators suggest that the underlying rate of growth has also moderated," the Bank said in a statement. Interest Rates The Bank also decided that it would keep the historic low interest rates at 0.5%, something at...
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BoE and ECB Leave Interest Rates Unchanged, 0.5% and 1%

The Bank of England today announced it would leave the interest rates on hold at 0.5%, now the seventh successive month. The Bank also decided to continue with the quantitative easing (QE) which is likely to take another month to complete. – View full BBC Article Also today the European Central Bank (ECB) kept interest rates on hold at 1% and is expected to wait several months before raising then in order to help the eurozone economy. – View full BBC Article
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