The Bank of England (BOE) left its benchmark interest rate and bond-buying plan unchanged today as Britain’s economic recovery showed signs of building momentum.
The nine-member Monetary Policy Committee (MPC) led by BOE governor Mark Carney kept the key interest rate at a record-low 0.5 per cent and its bond-buying program on hold at £375 billion. The BOE introduced forward guidance in August, saying it will keep borrowing costs on hold until late 2016.
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team