Regional Business Information for the North West
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...
The £12.25 Bln still to be spent,through QE,could be better used if,placed into high unemployment,investment zones,with strict guidelines,(no bankers,officials)as to the industrial work training,developement,apprenticeships,etc.Offshore windfarms,power developement companies,anything to encourage the employment of the UK unemployed.(not as 90% of UK windfarm workers,contracts allotted to non UK companies/workers,Takes my breath away,the utter blind stupidity,can only happen in the UK.QE,stands for Question Everything.
ray O Donnell