Fri, 11 May 2012 07:07:45 GMT
UK interest rates left at 0.5%
The Bank of England left the key interest rate unchanged at 0.5% and continued to extend its bond purchasing scheme. The interest rates have remained at 0.5% for third year already. However, the bank started to be more concerned about accelerating inflation as CPI increased to 3.5% in March. Growing inflation and sluggish economic expansion put the bank in a