No surprises as interest rates stay at 0.5%

As expected the Bank of England have left interest rates unchanged at 0.5% and announced no further quantitative easing (QE) measures. In a separate move the European Central Bank (ECB) kept interest rates in the Eurozone at 1.5%. The announcements come in a week of turmoil for the financial markets and the global economy, with worries about the levels of debt in the US, Italy, Spain and Greece at the forefront of many people’s minds. UK interest rates It is the 29th month in a row that the Monetary Policy Committee (MPC) has voted to keep interest rates at 0.5% sending a clear message that ...