THE GUARDIAN: The monetary policy committee (MPC) maintained the level of quantitative easing (QE) and kept base rates at their record low of 0.5% after its meeting on Thursday
The Bank of England's interest rate setting committee has voted against increasing its £325bn programme of money creation, despite fears that Britain's fragile economy faces a long recession.
The monetary policy committee (MPC) maintained the level of quantitative easing (QE) and kept base rates at their record low of 0.5% after its meeting on Thursday.
Pressure for further stimulus measures had intensified amid the recent deepening eurozone crisis and Britain's slide back into recession, its first double-dip downturn since the 1970s. » | Phillip Inman, economics correspondent | Thursday, May 10, 2012
