BoE policy makers remain benchmark interest rate unchanged

Note: This section contains information in English only.
Source: Bloomberg
Policy makers of the U.K. central bank kept the official interest rate at its lowest level as the monetary easing program showed success accelerating the demand in the Q4. The Monetary Policy Committee led by Governor Mervyn King decided to remain the key interest rate at 0.5% with the possibility of another easing program. The ECB is keeping the benchmark rate at 0.75%.

"Most members of the committee are probably pretty happy to keep things as they are and see how the FLS evolves and how the economy picks up," said Vicky Redwood, an economist at Capital Economics Ltd. in London and a former central bank official. "There's a possibility of more QE. If in a few months' time it looks like output is stagnating, growth concerns will come to the fore." 

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