Thu, 09 May 2013 19:37:04 GMT
BoE keeps stimulus at GBP 375 billion and policy rate at 0.50%
The Bank of England's nine-member Monetary Policy Committee led by Governor Mervyn King maintained the quantitative easing program at GBP 375 billion despite unsuccessful attempts to increase stimulus. The panel also decided to keep the benchmark policy rate unchanged at 0.50%, the lowest level since the central bank was established in 1694.