No rate cut, no more QE
The Bank of England has kept interest rates on hold at 0.5% and is not extending its £200bn asset purchase programme, commonly referred to as quantitative easing (QE).
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The Bank of England has kept interest rates on hold at 0.5% and is not extending its £200bn asset purchase programme, commonly referred to as quantitative easing (QE).
The US Federal Reserve chairman Ben Bernanke has indicated that the central bank will not take any immediate action to stimulate the US economy.
Global stock markets took another tumble today, as investor sentiment turned negative over economic prospects and the eurozone debt crisis.
UK interest rates have remained on hold at the historic low of 0.5% following the latest monthly meeting of the Bank of England Monetary Policy Committee (MPC).
The latest price inflation figures show that the pace of inflation slowed unexpectedly in June, with the Consumer Prices Index (CPI) falling to 4.2%.
The Bank of England has kept interest rates on hold at 0.5% and the European Central Bank has raised interest rates in the eurozone by 0.25% to 1.5%.
The latest price inflation figures show the Consumer Prices Index (CPI) measure of inflation remaining steady at 4.5% for the year to May 2011.
The Bank of England Monetary Policy Committee (MPC) has voted once again to keep interest rates on hold at their historic low of 0.5%.
The influential Ernst & Young Item Club has suggested that the Bank of England keeps interest rates low in order to maintain economic recovery.
The Bank of England deputy governor Charles Bean has made a statement encouraging people to stop saving, start spending and rescue the British economy.
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