BoE keep base rate at 0.5% for 13th consecutive month
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The Bank of England has today voted to keep the base rate at 0.5 per cent for the thirteenth consecutive month and has continued to hold the fiscal stimulus program at £200bn.
The last change in the base rate was on March 5 2009, when the BoE reduced it by 0.5 percentage points to 0.5 per cent.
The most recent change in the size of the fiscal stimulus programme was also March 5 2009, with the size of the programme increasing by £25bn to £200bn.
Due to the timing of the General Election, the Monetary Policy Committee, the group within the bank who decide the rate, will next meet on May 10, and the Inflation Report will be published on may 12.
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Readers' comments (2)
Incompetent Regulators Award Team | 8 Apr 2010 2:50 pm
With rates so low and the economy still in a mess shows what a f*ck up Labour have made. Now lets just wait for the tsunami of inflation which alwats comes with Labour governments.
No more boom and bust by crash Gordon!
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Jill Terr | 8 Apr 2010 3:35 pm
Dear Incompetent......if that is all you can muster up to say it's a sad day for our industry.
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