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BoE keeps interest rate at 0.50%
[LONDON] The Bank of England voted on Thursday to keep its main interest rate at a record-low level of 0.50 percent, with Britain experiencing low inflation and steady economic recovery.
The central bank's nine-strong monetary policy committee opted also to maintain the level of its cash stimulus, or quantitative easing, at US$608 billion, the BoE said in a statement issued following a regular monthly meeting.
"The Bank of England's Monetary Policy Committee at its meeting on 8 October voted to maintain Bank Rate at 0.5 per cent," the statement said.
Minutes of the meeting, containing reasons behind the decisions, will be published on Oct 22.- AFP