The big 5-0! BoE holds rates again

The Bank's Monetary Policy Committee (MPC) voted to maintain its asset purchase programme at £375bn, a move that had been widely expected since the UK avoided a triple-dip recession last month. The base rate of interest, meanwhile, has now been held at 0.5% since March 2009, the month in which the Bank first started its quantitative easing programme. Capital Economics said the lack of activity showed the BoE "has limited appetite for helping the economy to break out of its current insipid state". "Upon his arrival in July, Mark Carney may have his work cut out in persuading the Com...