Thursday, April 8, 2010

Rates on hold again – despite recent CPI figures

UK interest rates kept on hold at 0.5%

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.

Posted by jack c @ 12:07 PM (1370 views)
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3 thoughts on “Rates on hold again – despite recent CPI figures

  • So when *exactly* will the Bank of England begin selling back the bonds its been buying as part of QE? QE was an emergency measure, remember …

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  • Paul –

    ‘Remembering’ things is no longer encouraged…

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  • “The minutes of the last meeting of the Bank’s MPC showed that some members had raised concerns over possible inflationary pressures, given the weakness of the pound and with economic growth picking up pace. However, the last set of inflation figures showed CPI inflation falling to 3% in February, from 3.5% the month before. The government’s target for inflation is 2%”.

    Some petrol stations near me put prices up again today. The pound is buying less and less these days. Isn’t it about time they put some more new gadgets into the “basket”? That should ensure the index doesn’t rise too fast in the future.

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