Thursday, August 6, 2009

Straight from the horse’s mouth.

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 (811 views)
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4 thoughts on “Straight from the horse’s mouth.

  • £ 50 billion every a month from now on?

    Comon Britain let’s challenge Mugabe !

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  • The lunatics HAVE taken over the asylum

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  • Vacuouspolitician says:

    I’m beginning to think Penfold and his stooges have always had a vested interest in property booms…

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  • 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.

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