BOEBase rate and QE both maintained in MPC decision

The Monetary Policy Committee (MPC) voted to keep base rate on hold yesterday, marking its 48th consecutive month (Four  years), of remaining at its record low of 0.50%.  The Bank of England also announced that the Government’s quantitative easing programme would not increase any further, despite calls for the total amount to be increased by £25 billion to £400 billion.

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