Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

BoE Keeps Rates at Record Low, No Exit Signals

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

Reuters
Thursday, Sept 10th, 2009

The Bank of England left interest rates at a record low of 0.5 percent for the sixth month running on Thursday and stuck with its program of asset purchases to steer the economy towards recovery.

Most analysts had predicted the status quo after last month’s shock decision to raise the amount of money the BoE is printing to support the economy — quantitative easing — by 50 billion pounds to 175 billion pounds.

But sterling gained and front month short sterling futures pared gains because some strategists had priced in an outside chance it would do more to stimulate an economy battered by its worst recession in decades.

The BoE’s willingness to keep its foot on the monetary accelerator at a time of growing recovery optimism has set it apart from other central banks.

Full article here

BoE Keeps Rates at Record Low, No Exit Signals  270809banner 

This article was posted: Thursday, September 10, 2009 at 9:45 am





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
See the rest on the Alex Jones YouTube channel.

Illegals To Be Evacuated Before Citizens In Times of Crisis See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.