Tag: David Kern

• Friday, May 9th 2014 - 22:15 UTC

  Bank of England leaves rates unchanged as UK economy recovers

  

  Interest rates have been held at the record low of 0.5% for another month by the Bank of England and so has the size of its bond-buying economic stimulus program unchanged at £375bn.The news is in line with analysts' expectations, despite recent evidence that the UK economic recovery is strengthening.

• Wednesday, November 20th 2013 - 20:43 UTC

  Bank of England enthusiastic about UK recovery, according to November minutes

  

  The UK is in a sustained recovery and does not face major inflation risks, Bank of England policymakers have said. Minutes from the Monetary Policy Committee's November meeting showed the nine members all voted to leave interest rates at 0.5%.

• Saturday, November 9th 2013 - 18:27 UTC

  Bank of England leaves rates unchanged; focus on next week's inflation report

  

  Bank of England has left interest rates unchanged at 0.5% and made no change to its program of quantitative easing, as had been widely expected. The decision came as no surprise as the Bank has said it will not consider a rate rise until the unemployment rate falls below 7%.

• Friday, August 2nd 2013 - 02:47 UTC

  Bank of England leaves rates unchanged as UK economy seems to be picking up

  

  Bank of England's Monetary Policy Committee (MPC) has left interest rates at 0.5%. The key borrowing rate has been at that level since March 2009. MPC also said it would make no change to the £375bn of monetary stimulus it is providing through its quantitative easing program (QE).