04 March 2010 12:00 [Source: ICIS news]
LONDON (ICIS news)--The Bank of England held UK base interest rates at 0.5% on Thursday for the 12th consecutive month and left its quantitative easing policy unchanged.
In November, the bank raised its asset purchase programme total by £25bn (€27bn, $38bn) to £200bn and has held it at that level since.
The recession 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 2008 to the current level, set in March last year.
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($1 = €0.73, €1 = £0.91)
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