Bank of England keeps interest rates at 0.5%

November 10, 2011 The MyHome Newsdesk by The MyHome Newsdesk
Bank of England keeps interest rates at 0.5%

 

The Bank of England kept interest rates at 0.5% on Thursday.

The bank also left the scale of its quantitative easing programme to boost the money supply unchanged at £275 billion sterling.

This is the 33rd consecutive month that the base rate has been left unchanged.

Responding to concerns about lagging economic growth, the bank last month revived the stimulus programme which pumped £200 billion into the economy between March 2009 and January 2010.

Advertisement
Tags:
Uncategorized 0.5% Bank of England interest rates

Related articles

Woman using mortgage calculator

Mortgage calculator

Ready to start house hunting but need to know how much you'll be paying on your mortgage? Our Irish mortgage repayments calculator will get you the answers you're looking for.

Start now →

Powered by doddl logo