Bank of England holds rates for 10th month

10 December 2009

Business

The Bank of England (BoE) has kept interest rates at 0.5% for the 10th consecutive month.

In addition, the BoE announced that it would not put more money into the economy through its quantitative easing programme, having injected an additional £25bn last month.

The move comes as the UK is widely expected to have emerged from recession in the fourth quarter of the year.

Provisional GDP figures will be announced by the Office of National Statistics next month.

Business Finance

Have your say in the Printweek Poll

Latest comments

"Well done all involved... great to see the investment to increase the productivity in the same footprint- much more sustainable than popping another one up."

View comments for: Whistl expands fulfilment reach with £6m warehouse expansion

"From 1949 until the late 2000s Remploy had a network of government-subsidised factories that offered employment specifically to disabled people, originally often war veterans or victims of industrial..."

View comments for: Print industry overlooking huge potential of neurodivergent staff

"Does appear an odd decision as with that level of shareholder funds they would be liable for the staff redundancy and cover the insolvency costs. It’s not like they could take the money and dodge..."