Bank of England opts for no change on interest rates
7th June 2012
BANK of England policymakers have opted to maintain interest rates at their historic low and have made no move to further increase quantitative easing (QE).The decision comes despite ongoing concerns about the pressure being placed on the UK economy by the Eurozone crisis and the need to prevent further contraction following the UK’s return to recession.Opinion had been split over whether the MPC would bow to pressure and expand its QE programme from £325m. The last increase came in February.Andrew Connors, Area Direct......for the full story register now for free or login below...
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