Thursday, October 08, 2009

UK holds rates at 0.5%

UK holds rates at 0.5%

The Bank of England's monetary policy committee on Thursday voted to leave unchanged its pounds £175bn programme to pump money into the UK economy and keep interest rates at 0.5 per cent.The decision not to alter its policy had been widely expected, after senior officials have emphasised that they will look to the central banks' quarterly inflation forecasts to make major decisions.

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http://link.ft.com/r/8P1R88/TSS8I/475T6/NS9XVK/TJ1FL/N9/t



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