Thursday, June 7, 2012
Steady as she goes
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 Â£325bn. The Bank's Monetary Policy Committee (MPC) have held rates at its current record low for more than three years.