facebook
twitter
rss
account
search
search

BOE keeps monetary policy intact

Jan. 10, 2013 at 11:10 AM   |   Comments

LONDON, Jan. 10 (UPI) -- The Bank of England said Thursday that it would keep its overnight lending rate and its asset purchasing program intact.

The central bank said its lending rate would remain at 0.5 percent and it would continue with its $604 billion target for asset purchases.

The BOE dropped its lending rate to the historic low of 0.5 percent in March 2009. The asset purchasing program was first announced in the same month and extended by $80.5 billion in July 2012.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Army receives first advanced CH-47F helicopter variant
2
Iraq seeks U.S. missiles, helicopter support
3
U.S. Judge: Microsoft has to hand over emails stored abroad
4
French Army flight tests latest Tiger attack helo
5
Michigan company to upgrade Army's Bradley Fighting Vehicles
Trending News
Video
x
Feedback