Bank of England Quantitative Easing and Interest Rates Held
Published / Last Updated on 06/01/2010
Bank of England Quantitative Easing & Interest Rates Held
by Ashley Clark, Director
The Bank of England’s Monetary Policy Committee has today kept interbank base interest rate at 0.5% for the tenth month in a row, while continuing with its £200bn programme of quantitative easing.
Quantitative Easing is where the process the Bank of England buys back assets (i.e. gilts) from financial companies, technically repaying Government debt to boost money supply.
As at December 31 the Bank of England has spent over £190bn on quantitative easing. The Bank of England says it expects the programme to take another month to complete its target of £200bn.
Useful links:
Contact us - Book Callback - Free Consultation - Newsletter - Money MOT - Discounts
