Belfast Telegraph

Bank keeps rates at 0.5%

The Bank of England kept interest rates at a record .5% but stopped short of taking emergency action to kick-start the faltering UK economy.

Fears the UK is facing a double-dip recession have fuelled expectations that the Bank's Monetary Policy Committee will extend its £2bn quantitative easing programme - effectively printing more cash. Business leaders and economists say there are strong arguments in favour of upping the QE stock, but accept action is unlikely until later in the year.


From Belfast Telegraph