April 8th, 2010

UK interest rates kept on hold at 0.5%

UK interest rates have been kept on hold at the record low of 0.5%, after the Bank of England's latest meeting.

The Bank also decided not to pump any more money into the UK economy under its policy of quantitative easing (QE).

Interest rates have now been at 0.5% since March 2009, and analysts do not expect any rate rises soon while the economy continues its recovery.

The UK emerged from recession in the final quarter of last year, after six consecutive quarters of contraction.

For more read: http://news.bbc.co.uk/1/hi/business/8609259.stm