England keeps interest rate at record low

Written By Unknown on Kamis, 04 April 2013 | 19.19

THE Bank of England has voted to leave its main lending rate at a record-low level of 0.50 per cent and refrained from pumping out more new cash to help stimulate Britain's recession-threatened economy.

"The Bank of England's Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5 per cent," the BoE said in a brief statement at the conclusion of its regular monthly meeting on Thursday.


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