facebook
twitter
search
search

BOE keeps lending and purchasing policies

April 4, 2013 at 11:19 AM

LONDON, April 4 (UPI) -- The Bank of England said Thursday that it would keep its overnight lending rate at 0.5 percent.

The central bank also said it would keep its asset purchasing program unchanged.

The central bank doesn't explain its decisions until policy meeting minutes are released in three weeks.

It was widely expected the BOE would leave both policies intact. The bank has held its lending rate at a record low of 0.5 percent since March 2009. An asset purchasing program was announced in the same month and that was extended by $80.5 billion to $604 billion in July 2012.

Like Us on Facebook for more stories from UPI.com  
Latest Headlines
Top Stories
Google apologizes for photo app that tagged black couple as 'gorillas'
E-2D aerial refueling capability passes CDR
Norway: New reserves found in North Sea
Shell to tap new Gulf of Mexico oil
Canada awards license for LNG exports to Asia