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7th Jan 2010
Bank holds rates and continues with QE programme
The Bank of England’s Monetary Policy Committee has decided to keep base rate at 0.5% for the tenth month in a row, while continuing with its £200bn programme of quantitative easing.
Eight lenders have increased their SVRs despite the base rate being left unchanged at 0.5% since March last year, according to figures from Moneyfacts.
As at December 31 the Bank has spent over £190bn on quantitative easing, the process the Bank is employing to buy up assets in the hope that this boosts the money supply. |
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