Bank of England not to change Interest Rate

Bank of England not to change Interest Rate

It seems that pressure is building on the authorities concerned of the UK to find some measures to solve the ongoing economic problems. It has been said so as the Bank of England has announced that it will remain keeping its interest rate as low as 0.5%.

In addition, it has also been found that quantitative easing (QE) stock will also remain at £375 billion. The announcement came at the time when the Monetary Policy Committee said that no additions are expected in the government purchased bonds.

A hope of respite was seen at the time when the country was able to break its recession after months, when the economy rose by 1%.

Vicky Redwood, from Capital Economics, said, "We think that more policy stimulus will be required in the coming months - the question is whether the Committee feels it has the tools to deliver it".

All these factors have led to a lot of speculations in the market. Some market experts have said that the Monetary Policy Committee will surely favor an increase of £25bn. There are a number of reasons for claiming the same, said George Buckley from Deutsche Bank.

He shared the reason by saying that purchasing managers (PMIs) for now has not been moving at a desired pace in fields like manufacturing, service and construction sector.


FrenchTribune Specials

Facebook launches ‘FB Techwire’ News Feed focused on tech news

In an effort evidently aimed at establishing Facebook as one of the leading sources of technology-related news, the popular social network has revealed in a recent blog post that it has launched 'FB Techwire' --- a News Feed which focuses on tech news.

The FB Techwire News Feed will be powered Storyful, a social content discovery and...

Most Popular

White Rhino born in ‘The Wilds’, Ohio’s Wildlife Conservation Park

Officials at a wildlife park located in eastern Ohio...

Science Lesson at School saves Student’s Life

In Florida, fifth-grade teacher Michelle Digman and...

Chances of Prostate Cancer lower among Men having multiple sexual partners: Stud

A recent research posted online states that men have...

Urgent Action on Climate Change, Need of the Hour

Speaking in the context of climate change, the Right...

Poll

Can Greece Come out of Economic Problems: