Interest rates stay on hold

Nia Williams

December 10, 2009

The Bank of England’s MPC has also left its £200 billion quantitative easing (QE) programme untouched.

Last month the MPC decided to pump a further £25 billion into the economy – a move welcomed by businesses who believed that the economy would stall without it.

The QE programme ends in January and it is believed the MPC is waiting until it ends before making a further decision on whether or not it needs to be extended.

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