Bank of England holds key rate at 0.5 pct; no move on expanding money supplyOctober 8th, 2009 Bank of England holds key rate at 0.5 pctLONDON — The Bank of England kept its main interest rate unchanged at the record low of 0.5 percent Thursday and held off from any further moves to expand the money supply — for now. Both decisions were widely expected but the Bank of England said it would keep its asset purchase program — known as quantitative easing — under review.
European Central Bank, Bank of England leave interest rates unchangedOctober 8th, 2009 ECB, BoE leave interest rates unchangedFRANKFURT — The European Central Bank and the Bank of England both left their key interest rates unchanged Thursday at record lows. The ECB left its main refinancing rate at 1 percent while the Bank of England left its rate at 0.5 percent.
Bank of England holds rates steady at 0.5 percent, maintains monetary easing programSeptember 10th, 2009 Bank of England holds rates steadyLONDON — The Bank of England held interest rates steady at a record low of 0.5 percent for the sixth consecutive month on Thursday and pledged to continue its program to boost the money supply despite gathering signs of an economic recovery. The bank decided against expanding the program, dubbed quantitative easing, any further this month — but committed to carrying out further asset purchases under the existing program size.
Bank of England expands asset purchases to increase money supply, keeps rates at 0.5 percentAugust 6th, 2009 Rates unchanged, but BoE adds monetary easingLONDON — The Bank of England is keeping official interest rates at a record low of 0.5 percent — but it is expanding its program to expand the money supply by 50 billion pounds to 175 billion pounds. With recent signs of an economic recovery on the horizon, the extension of the so-called quantitative easing program announced by the bank on Thursday indicates it remains cautious about those early indicators.
Bank of England keeps interest rates at 0.5 percent, expands asset purchase programAugust 6th, 2009 Bank of England expands effort on money supplyLONDON — The Bank of England surprised markets Thursday by significantly expanding its program of buying financial assets to boost the money supply, a growth-boosting step that indicates the British central bank remains cautious about recent signs of economic recovery. The bank, while holding interest rates steady at a record low of 0.5 percent, said Thursday it was expanding its so-called quantitative easing program by 50 billion pounds ($84 billion) to 175 billion pounds ($295 billion).
ECB likely to hold steady at 1 percent; BoE keeps rate steady, expands purchase programAugust 6th, 2009 BoE keeps rates unchanged, ECB likely to followFRANKFURT — The European Central Bank was likely to keep interest rates the same Thursday amid early signs of economic recovery, while the Bank of England said it would expand its asset purchases aimed at increasing the money supply. The BoE kept its interest rate unchanged at 0.5 percent while analysts expect the ECB to leave its own rate at 1 percent.
ECB holds steady at 1 percent; BoE keeps rate steady, expands purchase programAugust 6th, 2009 ECB, BoE keep rates unchangedFRANKFURT — The European Central Bank has left its benchmark interest unchanged at 1 percent, a record low. The decision Thursday came after the Bank of England left its own rate unchanged at 0.5 percent and announced it would expand its asset purchases aimed at increasing the money supply.
ECB, Bank of England expected to hold rates steady; eyes on BoE monetary easingAugust 6th, 2009 ECB, Bank of England to hold rates steadyFRANKFURT — Central banks for Europe and Britain are almost certain to keep their benchmark interest rates at record lows on Thursday amid early signs of economic recovery, while attention will focus on whether the Bank of England will hold back from further expanding the money supply. Both the European Central Bank and the Bank of England are expected to keep rates at 1 percent and 0.5 percent respectively when they announce their monthly decision.
Bank of England holds interest rates at 0.5 pct; maintains policy to increase money supplyJune 4th, 2009 Bank of England keeps interest rates at record lowLONDON — The Bank of England has kept official interest rates at a record low of 0.5 percent and maintained its policy of increasing the money supply to the economy. With early — but tentative — signs of an economic recovery on the horizon, the bank's decision on Thursday represents a cautious stance.
Bank of England keeps interest rates at 0.5 pct; maintains policy to increase money supplyJune 4th, 2009 Bank of England keeps interest rates at 0.5 pctLONDON — The Bank of England kept official interest rates at a record low of 0.5 percent on Thursday and said it would press on with its policy of increasing the money supply — but did not expand that program further. The bank's decision at the end of its monthly two-day rate-setting meeting represents a cautious stance, with early — but still tentative — signs of an economic recovery on the horizon.
ECB cuts main interest a qtr-point to 1 pct; BoE boosts asset purchases, keeps 0.5 pct rateMay 9th, 2009 ECB cuts a quarter point; BoE hikes asset purchaseFRANKFURT — The European Central Bank has cut its main interest rate by a quarter point to 1 percent and is likely to unveil more measures aimed at boosting the economy of the 16-nation euro zone. The downward move was the fourth such decision this year by the Frankfurt-based bank that sets monetary policy for countries that share the euro currency.
Bank of England holds interest rates steady at 0.5 percent; increases asset purchase programMay 9th, 2009 Bank of England increases asset purchase programLONDON — The Bank of England has kept official interest rates on hold at a record low of 0.5 percent — but has increased its program to buy back assets to increase the domestic money supply. At the end of its monthly rate-setting meeting on Thursday, the bank said it is increasing the size of its so-called quantitative easing program by 50 billion pounds ($75.4 billion) to 125 billion pounds.
Bank of England cuts rate, boosts money supplyMarch 6th, 2009 LONDON - The Bank of England (BoE) Thursday cut interest rates to 0.5 percent and injected up to 75 billion pounds ($105 billion) into the economy through quantitative easing. The rate cut from one percent was the fifth since last October.
Bank of England cuts interest rates to historic lowFebruary 4th, 2009 LONDON - The Bank of England (BoE) Thursday cut interest rates to an historic low of one percent in a further attempt to stimulate the economy and stave off a deepening recession. The bank's decision to cut borrowing costs by 50-basis-points follows monthly rate cuts since last October, when the key lending rate in Britain stood at five percent.
Britain denies mulling the Zimbabwe solution for economyJanuary 7th, 2009 LONDON - The British government Thursday denied reports it was considering printing more money to kick start credit, amid speculation that interests rates were set to fall to a three-century-low. The Bank of England's Monetary Policy Committee was Thursday expected to reduce the base rate of interest by at least 0.5 percent, which would bring it down to 1.5 percent - the lowest rate since the Bank of England was founded in 1694.
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