facebook
twitter
rss
account
search
search
 

BOE keeps lending and purchasing policies

April 4, 2013 at 11:19 AM   |   Comments

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.

© 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.
Recommended UPI Stories
Most Popular
1
Oil spill reported in North Dakota
2
Texas, N.D. oil push imports down
3
DNO committed to Kurdish oil
4
Gas prices dropping, Energy Department says
5
Scout attack helicopter demos firepower
Trending News
Video
x
Feedback