Thursday, May 10, 2012
The Bank of England has continued to hold UK interest rates at a record low of 0.5% and is not extending its quantitative easing programme (QE). QE is the Bank's scheme to boost the economy by buying bonds. In February, the Bank's Monetary Policy Committee (MPC) boosted the stimulus to Â£325bn. Rates have been at 0.5% for three years, despite persistent inflation.