Bank of England keeps main interest rate at 0.50%

GMT 11:19 2014 Thursday ,07 August

Arab Today, arab today Bank of England keeps main interest rate at 0.50%

Arab Today


 The Bank of England on Thursday opted to keep its main interest rate at a record-low level of 0.50 percent.
The British central bank's nine-member monetary policy committee decided also to maintain the level of cash stimulus, or quantitative easing, pumping around £375 billion ($632 billion, 472 billion euros) into the economy, it said in a statement.

 

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