Interest Rates Held _ Extra GBP50bn QE
Published / Last Updated on 08/02/2012
Interest Rates Held - Extra £50bn QE.
The Bank of England’s Monetary Policy Committee (MPC) has increased its quantitative easing (QE) programme by £50bn, which now takes the QE programme to £325bn. Meanwhile, the Bank has also opted to keep interest rates at 0.5%.
Its decision to extend the asset purchase programme comes as the UK hangs on the edge of recession after the economy contracted by 0.2% in the last quarter of 2011.