Bank of England base rate held at 0.5%
The Bank of England's Monetary Policy Committee has maintained the Bank Rate at 0.5%. The Committee also voted to maintain quantitative easing (QE) at £375 billion.
The previous change in Bank Rate was a reduction of 0.5% on 5 March, 2009. Investec told the BBC that it expects more QE to be introduced once the new governor took up his role at the Bank of England.
A spokesman for Investec was quoted as saying: "We suspect following the arrival of the new governor Mark Carney we will see a sustained push to try and achieve a step-up in growth... in the shape of £75bn of further QE purchases, sanctioned in two tranches from August onwards."
May 10, 2013
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