Thursday, April 8, 2010
Rates on hold again – despite recent CPI figures
UK interest rates have been kept on hold at the record low of 0.5%, after the Bank of England's latest meeting. The Bank also decided not to pump any more money into the UK economy under its policy of quantitative easing (QE). Interest rates have now been at 0.5% since March 2009, and analysts do not expect any rate rises soon while the economy continues its recovery.