Accessibility/Mobile Features
Skip Navigation
Skip to Content
Editorial News
Business
Classified Sites

The Canadian Press - ONLINE EDITION

Bank of England keeps key rate at 0.5 per cent, stimulus program on hold as economy recovers

People walking past the Bank of England in London's City financial district on July 1, 2013. THE CANADIAN PRESS/AP, Lefteris Pitarakis

Enlarge Image

People walking past the Bank of England in London's City financial district on July 1, 2013. THE CANADIAN PRESS/AP, Lefteris Pitarakis

LONDON - Bank of England policymakers have kept interest rates steady and declined to pump more money into Britain's economy amid signals of recovery.

The Monetary Policy Committee kept the benchmark interest rate at a record low 0.5 per cent and voted against boosting the monetary stimulus program. The bank has pumped 375 billion pounds ($600 billion) into the economy through its bond-buying program over the past five years.

The decision announced Thursday was widely expected.

Britain's economy is one of the fastest-growing among developed countries. It expanded by 0.8 per cent in the first quarter compared with the previous three-month period.

  • Rate this Rate This Star Icon
  • This article has not yet been rated.
  • We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high. If you thought it was well written, do the same. If it doesn’t meet your standards, mark it accordingly.

    You can also register and/or login to the site and join the conversation by leaving a comment.

    Rate it yourself by rolling over the stars and clicking when you reach your desired rating. We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high.

Sort by: Newest to Oldest | Oldest to Newest | Most Popular 0 Commentscomment icon

You can comment on most stories on brandonsun.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.

There are no comments at the moment. Be the first to post a comment below.

Post Your Commentcomment icon

Comment
  • You have characters left

The Brandon Sun does not necessarily endorse any of the views posted. Comments are moderated before publication. By submitting your comment, you agree to our Terms and Conditions. New to commenting? Check out our Frequently Asked Questions.

letters

Make text: Larger | Smaller

Brandon Sun Business Directory
Sudden Surge: Flood of 2014
Opportunity Magazine — The Bakken
Why Not Minot?
Welcome to Winnipeg

Social Media

Canadian Mortgage Rates