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Bank of England leaves interest rates unchanged

Business Materials 7 October 2010 16:15 (UTC +04:00)
The Bank of England (BoE) Thursday held interest rates at an historic low of 0.5 per cent for the 19th month in a row.
Bank of England leaves interest rates unchanged

The Bank of England (BoE) Thursday held interest rates at an historic low of 0.5 per cent for the 19th month in a row, DPA reported.

The decision by the bank's Monetary Policy Committee (MPC) came amid growing pressure in Britain for renewed measures to stimulate sluggish growth and halt the rise of inflation.

But the nine member-strong MPC resisted pressure to resume so-called quantitative easing (QE) measures.

Under the scheme, the BoE pumped 200 billion pounds (318.7 billion dollars) into the economy by last November.

The MPC decided not to change the QE policy.

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