05 November 2009 12:02 [Source: ICIS news]
LONDON (ICIS news)--The Bank of England left UK base interest rates unchanged at 0.5% on Thursday for the eighth consecutive month.
It also raised its quantitative easing total by £25bn to £200bn (€222bn, $330bn).
The decision follows official figures that revealed that the ?xml:namespace>
The recession has forced the bank's Monetary Policy Committee (MPC) into a series of interest rate cuts, which has seen rates fall from 5.5% in October to the current level, set in March.
The European Central Bank (ECB) was also expected to keep its interest rates unchanged at 1%.
($1 = £0.61/£1 = €1.11)
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