Posted by: admin in Bank Rates on September 28th, 2009
Rate-setters held back from further aid for the economy today as the Bank of England paused for breath in its battle against recession. The Monetary Policy Committee (MPC) held interest rates at their 0.5 per cent record low, with no increases in its £125bn programme to boost the money supply after its two-day meeting. “The scale of the programme will be kept under review,” the Bank said. The move could signal the Bank is in “wait and see” mode as it judges the strength of possible green shoots…
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