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Subject: Bank of England leaves key rate unchanged Thursday April 5th 2012


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key rate at an all-time low of 0.5 per cent
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Date Posted: 10:48:18 04/05/12 Thu

Bank of England leaves key rate unchanged

AAP – 6 hours ago
The Bank of England has kept its key rate at an all-time low of 0.5 per cent and refrained from pumping more money into the economy.

The decisions were widely expected. The bank has kept borrowing costs unchanged since March 2009.

The rate-setting panel also voted on Thursday to leave its STG325 billion ($A506 billion) monetary stimulus program unchanged.

February's decision to splash out a further STG50 billion will not be completed until May.

The decisions come against a background of mixed economic signals, including figures on Thursday showing an unexpected one per cent drop in manufacturing output in February.

Despite the decline, the wider measure of industrial production, rose 0.4 per cent, buoyed by weather-related energy increases.

@y7finance on Twitter

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Replies:
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Open 169.5=High 169.5==low 166.5=Volume=7,186,271=vwap=167.91Major Tom23:47:29 04/07/12 Sat
DataING==Orange Stockness23:37:39 04/08/12 Sun
ING are personal term Deposits (NT)re personal trainer GEM23:48:52 04/08/12 Sun


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