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No surprises as base rate held once more

No surprises as base rate held once more

Category: Economy

Updated: 10/12/2009
First Published: 10/12/2009

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

The Bank of England's Monetary Policy Committee (MPC) has announced that the base rate of interest has been frozen at a historic low of 0.5 per cent for the ninth month in succession.

The MPC also voted to continue with its programme of asset purchases – better known as Quantitative Easing (QE) – which was extended by an additional £25 billion last month to £200 billion.

Its programme of QE is expected to take another two months to complete, but will be kept under review.

The minutes of the meeting will be released on 23 December.

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