Thursday, June 7, 2012
Steady as she goes
UK interest rates left unchanged
The Bank of England has once again left UK interest rates unchanged at 0.5% and announced no expansion to its quantitative easing (QE) programme. QE is the Bank's scheme which aims to boost the economy by buying bonds. The stimulus currently stands at £325bn. The Bank's Monetary Policy Committee (MPC) have held rates at its current record low for more than three years.
Posted by jack c @ 12:51 PM (1617 views)
3 thoughts on “Steady as she goes”
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mark says:
a guy on BBC news on TV just bought his first house, said he could only afford it because of low interest rates, OK so what happens when rates go up you dumb xxxxxxxxx
jack c says:
mark
House prices only ever go up and interest rates at set to stay low for the next 300 years – the guy’s Father read it in The Sun so it must be true.
general congreve says:
Interesting reaction by the markets, especially in light on Obama and Cameron screaming blue murder that the Germans must do something as everything is about to go Lehman on steroids, while the Germans keep saying Nein. Not long to find out what happens next I guess.