Interest rates kept at 0.5% by the bank of England

The Bank of England has kept interest rates at a record low of 0.5% for the 12th consecutive month.

The decision was widely expected by economists, who believe that any rise in the cost of borrowing could damage the UK’s fragile economic recovery.

Also as expected, the bank has not pumped any more money into the economy under its quantitative easing (QE) programme – for now at least.

Last month the Bank halted QE, having spent £200bn to boost the economy.

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Posted by credit4everyone on Mar 4 2010 Filed under Our Guides. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry