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MPC sticks to low interest rate policy

first_img whatsapp Share MPC sticks to low interest rate policy whatsapp Thursday 9 September 2010 8:16 pm KCS-content THE Bank of England voted to keep monetary policy on hold this month with interest rates remaining at their historic low of 0.5 per cent and asset purchases at £200bn. The decision did not surprise City economists, who had widely expected the Monetary Policy Committee (MPC) to uphold the status quo for another month. Although the economy grew relatively strongly in the second quarter, recent surveys have pointed to a slowdown in the pace of growth. Interest rates have been at 0.5 per cent since March 2009, though the central bank said it would pause asset purchases back in February 2010. However, the minutes of the MPC’s September meeting – to be published on 22 September – are anticipated to be closely watched. Tags: NULL Show Comments ▼ More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orglast_img read more

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