facebook
twitter
rss
account
search
search
 

Bank of England leaves monetary policy as is

Feb. 6, 2014 at 9:33 AM   |   Comments

LONDON, Feb. 6 (UPI) -- The Bank of England said Thursday it would maintain its overnight lending rate at 0.5 percent and its asset purchasing at $613 billion per month.

The BOE does not explain its policy decisions until minutes are released two weeks after a meeting.

The historically low interest rate of 0.5 percent was established in March 2009. The bank last tweaked its asset purchasing program in July 2012, when it was raised by $81.5 billion.

© 2014 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
New National Security Cutter delivered to Coast Guard New National Security Cutter delivered to Coast Guard
2
First MT30 engine for Korean Navy frigates passes acceptance tests First MT30 engine for Korean Navy frigates passes acceptance tests
3
Anheuser-Busch not satisfied with the way NFL has handled recent incidents Anheuser-Busch not satisfied with the way NFL has handled recent incidents
4
Creator of 'Honey Badger Don't Care' brand sues for trademark infringement Creator of 'Honey Badger Don't Care' brand sues for trademark infringement
5
Rheinmetall, KBR in joint venture bid for British defense entity
Trending News
Video
x
Feedback