Bank of England maintains bond-purchase plan

The Bank of England maintained its current bond-buying program today as policy makers wait to assess the impact of the latest stimulus.

2nd August, 2012
The Bank of England held its key interest rate at a record low of 0.5 per cent.

The Bank of England maintained its current bond-buying program today as policy makers wait to assess the impact of the latest stimulus and their new lending program to end the recession.

The nine-member Monetary Policy Committee led by Mervyn King held the quantitative-easing target at £375 billion pounds (€476 billion), as forecast by all but one of 40 economists in a Bloomberg News survey. It also held the key interest rate at a record low...

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