Freeze on UK interest rates continues
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- CarolineS
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UK interest rates have been left at 0.5% following the Bank of England's latest meeting.
The cost of borrowing has been at a record low since March 2009 and economists do not expect the central bank to raise rates in the near term.
The Bank's Monetary Policy Committee (MPC) also maintained the quantitative easing (QE), or asset buying, programme at £200bn.
http://news.bbc.co.uk/1/hi/business/8445893.stm
The cost of borrowing has been at a record low since March 2009 and economists do not expect the central bank to raise rates in the near term.
The Bank's Monetary Policy Committee (MPC) also maintained the quantitative easing (QE), or asset buying, programme at £200bn.
http://news.bbc.co.uk/1/hi/business/8445893.stm
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- groups:
- Current Tonight
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- tags:
- Government, Banks, Interest Rates, Bank of England
