Bank announces latest interest rate decision
4th October 2012
THE Monetary Policy Committee chose to sit on its hands today ahead of data showing how the UK economy performed in the third quarter.The Bank of England base rate was held at 0.5% while the value of its quantitative easing programme was maintained at £375bn.Later this month, the first estimate of GDP growth in the third quarter will be published revealing whether the UK economy is still officially in recession and it is likely MPC members wanted to see those figures before taking further action.However, most analysts do expe......for the full story register now for free or login below...
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