BoE holds key rate unchanged

Note: This section contains information in English only.
Source: Businessweek.com
The Bank of England kept the base rate of interest at the record low of 0.25% for the 44th consecutive month and decided to hold off any further economy-boosting measures. Economists had widely forecast such outcome.

Analysts expect no further quantitative easing until November, when the latest investment of 50 billion Pounds is used up. The total commitment in bond-purchasing is currently 375 billion Pounds.

BoE governor Mervyn King mentioned that there were "a few signs" of improvement in U.K.'s economy, meanwhile, official data posted an upward revision of GDP, with a lower-than-expected slip of 0.4%.
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