No surprises as interest rates and QE remain on hold

No surprises as interest rates and QE remain on holdNo one expected the Bank of England’s Monetary Policy Committee to change interest rates today, or indeed increase the size of the existing £375 billion program of Quantitative Easing (QE), and we were not surprised when no changes were announced this lunchtime. Interest rates on hold The Bank has left base rate at 0.5% since March 2009 and despite the UK officially coming out of recession between July and September there are no signs ...