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09/05/2013
BoE Keeps Interest Rates At 0.5%
The Bank of England has said it is to keep interest rates at 0.5%, the BBC has said.
It added that its stimulus programme of quantitative easing (QE) also remains unchanged.
The announcement was widely predicted by analysts, with many believing changes in policy will not occur until after the new Bank governor, Mark Carney, arrives in July.
In its report, the bank said first quarter GDP figures showed a growth of 0.3%.
This supports recent statistics which suggest the UK economy is recovering.
Official figures from the Office of National Statistics revealed that industrial output for the past year increased by 0.7%, with manufacturing input also rising by 1.1%.
This is further supported by recent sector surveys which demonstrated that conditions improved in the service, manufacturing and construction sectors last month.
(JP/CD)
It added that its stimulus programme of quantitative easing (QE) also remains unchanged.
The announcement was widely predicted by analysts, with many believing changes in policy will not occur until after the new Bank governor, Mark Carney, arrives in July.
In its report, the bank said first quarter GDP figures showed a growth of 0.3%.
This supports recent statistics which suggest the UK economy is recovering.
Official figures from the Office of National Statistics revealed that industrial output for the past year increased by 0.7%, with manufacturing input also rising by 1.1%.
This is further supported by recent sector surveys which demonstrated that conditions improved in the service, manufacturing and construction sectors last month.
(JP/CD)
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06 August 2009
No Change For Interest Rate
The UK's interest rates has remained unchanged today as the Bank of England left the level set at 0.5%. The Monetary Policy Committee's (MPC) second decision, to expand quantitative easing (QE) at the same time, underlines the caution among policymakers over the strength of the UK's recovery from recession despite recent positive signs.
No Change For Interest Rate
The UK's interest rates has remained unchanged today as the Bank of England left the level set at 0.5%. The Monetary Policy Committee's (MPC) second decision, to expand quantitative easing (QE) at the same time, underlines the caution among policymakers over the strength of the UK's recovery from recession despite recent positive signs.
09 November 2007
Interest Rates On Hold But Cut Likely Soon
Mounting pressure for a cut in the UK's interest rate hasn't produced one yet, but the good news for borrowers is that the Bank of England has at least kept interest rates on hold at 5.75% and indications are that a cut is due next time.
Interest Rates On Hold But Cut Likely Soon
Mounting pressure for a cut in the UK's interest rate hasn't produced one yet, but the good news for borrowers is that the Bank of England has at least kept interest rates on hold at 5.75% and indications are that a cut is due next time.
24 May 2004
'Sickies' rise for first time in five years
Workplace absenteeism has increased for the first time in five years, adding an extra 10 million sick days that cost UK businesses £11.6 billion last year.
'Sickies' rise for first time in five years
Workplace absenteeism has increased for the first time in five years, adding an extra 10 million sick days that cost UK businesses £11.6 billion last year.
05 May 2011
Bank Of England Maintains Bank Rate At 0.5%
The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £200 billion. The previous change in Bank Rate was a reduction of 0.5 percentage points to 0.
Bank Of England Maintains Bank Rate At 0.5%
The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £200 billion. The previous change in Bank Rate was a reduction of 0.5 percentage points to 0.
04 March 2010
Interest Rates Held Again
The Bank of England today held interest rates at 0.5%, as widely predicted. Monetary Policy Committee members also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £200 billion. The previous change in bank rate was a reduction of 0.5 points to 0.5% on 5 March 2009.
Interest Rates Held Again
The Bank of England today held interest rates at 0.5%, as widely predicted. Monetary Policy Committee members also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £200 billion. The previous change in bank rate was a reduction of 0.5 points to 0.5% on 5 March 2009.
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