Thursday, Aug 06, 2009
Straight from the horse's mouth.
BOE: Bank of England Maintains Bank Rate at 0.5% and Increases Size of Asset Purchase Programme by £50 Billion to £175 Billion
The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to continue with its programme of asset purchases financed by the issuance of central bank reserves and to increase its size by £50 billion to £175 billion.
Posted by devo @ 12:08 PM (488 views) Add Comment
4 Comments
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1. mander said...
£ 50 billion every a month from now on?
Comon Britain let's challenge Mugabe !
2. mr g said...
The lunatics HAVE taken over the asylum
3. Vacuouspolitician said...
I'm beginning to think Penfold and his stooges have always had a vested interest in property booms...
4. 51ck-6-51x said...
Hey-Zeeeeeus... I really thought they would wait and see. So much for all the reports of green shoots eh?!
Why not put rates down to 0 while you're at it?
Or better yet, how about just paying off all those home "owner" loans?
What a gyp.