Business and people search

Status quo maintained as interest rates remain unchanged

4th April 2013

Share:

AS Widely predicted, the Bank of England’s Monetary Policy Committee (MPC) has decided to keep interest rates unchanged at 0.5% and to take no further action on quantitative easing.

In the Budget Chancellor George Osborne tweaked the MPC's mandate saying it would now be able to consider more than just inflation when setting interest rates.

But many economists do not expect more stimulus until Mark Carney - currently Canada's central bank chief - becomes governor of the Bank of England in July.

British ma......for the full story register now for free or login below...


Print this page Have your say Bookmark and Share Send to a friend

More News News Archive

Have Your Say 

Be the first to comment on this article!

Login to submit a comment

 
TheBusinessDesk is a company registered in the UK - Company #6324067 - VAT #917602919