Bank of England holds interest rates and quantitative easing

[Legal Beagles]

A swathe of disappointing economic news had raised expectations that the Bank might boost its QE programme by £50bn
The Bank of England resisted pressure for a fresh dose of electronic money to stimulate the economy on Thursday as it voted to leave UK interest rates unchanged again.
Despite growing fears that Britain is heading for a double-dip recession, the nine-strong monetary policy committee chose not to increase its quantitative easing (QE) programme. The MPC also left interest rates at their current record low of 0.5%, where they have been pegged since March 2009.
A swathe of disappointing economic news had raised expectations that the Bank might boost its QE programme by £50bn. The Institute of Directors had urged policymakers to stimulate the economy through more asset purchases, warning of "dire fiscal consequences" if the MPC sat on its hands.

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• Bank of England
• Interest rates
• Economics
• Quantitative easing

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