Thursday, November 5, 2009
UK Rates remain on hold at 0.5% whilst QE is increased to Â£200 Billion
The Bank of England's rate-setters have decided to pump an extra Â£25bn into the economy in their quantitative easing (QE) programme. They also kept interest rates unchanged at 0.5% for an eighth month. The Bank has already spent Â£175bn on QE, which involves printing money to buy assets from banks and other companies to stimulate the economy.