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Bank of England

The Bank of England left interest rates untouched for the ninth month in a row today in a widely expected announcement, having taken additional steps to kick-start the economy in November.

The Bank's Monetary Policy Committee voted to keep base rate on hold at 0.5%, it's lowest ever level, while it also made no changes to its quantitative easing programme.

In a statement it said: 'The Bank of England’s MPC today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The committee also voted to continue with its programme of asset purchases totalling £200 billion financed by the issuance of central bank reserves.'

Added on: 10/12/09

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