Saturday September 19, 2020

Bank of England holds interest rates at historic low

The Bank of England has held interest rates at an historic low of 0.5pc and left quantitative easing at £375 billion following its September policy meeting, as expected.

6th September, 2012

The Bank of England has held interest rates at an historic low of 0.5pc and left quantitative easing at £375 billion following its September policy meeting, as expected.

Prime Minister David Cameron has reiterated his budget plans to reduce the deficit, leaving the central bank carrying the burden of reviving Britain’s economy. Britain’s double-dip recession deepened in the second quarter as spending cuts at home and an escalating euro-area debt crisis undermined confidence and demand....

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