Bank's latest announcement on interest rates
4th October 2012
THE Bank of England is holding firm on its low interest rate policy. Its Monetary Policy Committee (MPC) decided today to keep rates at 0.5%.
Meanwhile, 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 expect the M......for the full story register now for free or login below...
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