Bank of England Holds Rates at 0.5%, Maintains Purchase Program

The Bank of England kept it benchmark rate at a record low 0.5% and maintained its bond purchase program at ?200 billion ($309 billion).

The bank, which sets monetary policy for the United Kingdom, has kept rates low to stimulate the recovery in the U.K. economy.

The bank's monetary policy committee is unlikely to expand its stimulus programs unless it sees signs that economy is starting to...

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Bank of England Holds Rates at 0.5%, Maintains Purchase Program originally appeared on DailyFinance on Thu, 09 Sep 2010 07:40:00.

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